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European Economic and Monetary Union: History, Trends, and Prospects

This paper analyses in depth the law of European Economic and Monetary Union, as well as its history, trends and prospects. It is divided into seven sections. Section 1 is the introduction; it deals with the history of monetary union in Europe and outlines some basic concepts. Section 2 considers the conditions for the adoption of the euro. Section 3 deals with economic union/economic policy coordination. Section 4 examines the European System of Central Banks and the European Central Bank. Section 5 deals with the law of the euro. Section 6 deals with the external relations of the euro. Section 7 presents some concluding observations and recommendations, as well as a brief update of recent developments.