A Two‐speed Monetary Union in Europe

Colin Turner (Lecturer in Economics at the Humberside Business School, Hull, UK.)

European Business Review

ISSN: 0955-534X

Publication date: 1 March 1994


The recent crisis in the ERM has meant EMU can no longer proceed along the lines proposed in the Maastricht Treaty. Proposes that a two or even multi‐speed EMU should emerge from the crisis. This would be based on a “hardcore” which would form the basis for exchange rate/macro policy management for “softer” countries.



Turner, C. (1994), "A Two‐speed Monetary Union in Europe", European Business Review, Vol. 94 No. 1, pp. 3-8. https://doi.org/10.1108/09555349410050703

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Copyright © 1994, MCB UP Limited

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