Abstract
Language | English |
---|---|
Place of Publication | Glasgow |
Publisher | University of Strathclyde |
Number of pages | 7 |
Publication status | Published - 22 Feb 2017 |
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Keywords
- monetary union
- Euro
- currency union
- European Union
- Scottish economy
- EMU
- EU
Cite this
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Economic and Monetary Union : Implications for Scotland. / Imrie, Colin.
Glasgow : University of Strathclyde, 2017. 7 p.Research output: Book/Report › Other report
TY - BOOK
T1 - Economic and Monetary Union
T2 - Implications for Scotland
AU - Imrie, Colin
N1 - A "policy brief" published by the University of Strathclyde's International Public Policy Institute (IPPI).
PY - 2017/2/22
Y1 - 2017/2/22
N2 - This short paper sets out background to current EU policy on European and Monetary Union (EMU), looking at both the management of monetary policy focusing on the Euro and the parallel system for economic policy coordination which is primarily the responsibility of member states. It describes the way in which EU countries coordinate economic policy (notably through the Economic Reform Programmes and processes such as deficit reduction procedures) and how the EU institutions will support countries in the delivery of EU policies, including the mobilisation of investment funds to support EU policy priorities. It then looks as Scotland’s experience, describes the most recent Scottish Economic Reform Programme 2016 and postulates that the close degree of alignment between Scottish and EU economic and social priorities would allow a basis for joint working if Scotland decides to pursue a more close approach to EU policies than the rest of the UK. It also notes that if Scotland pursues the independence in Europe option, Euro membership would not be an issue of substance in the early years and that the focus of EMU discussions would likely be on the need for a deficit reduction programme for Scotland.
AB - This short paper sets out background to current EU policy on European and Monetary Union (EMU), looking at both the management of monetary policy focusing on the Euro and the parallel system for economic policy coordination which is primarily the responsibility of member states. It describes the way in which EU countries coordinate economic policy (notably through the Economic Reform Programmes and processes such as deficit reduction procedures) and how the EU institutions will support countries in the delivery of EU policies, including the mobilisation of investment funds to support EU policy priorities. It then looks as Scotland’s experience, describes the most recent Scottish Economic Reform Programme 2016 and postulates that the close degree of alignment between Scottish and EU economic and social priorities would allow a basis for joint working if Scotland decides to pursue a more close approach to EU policies than the rest of the UK. It also notes that if Scotland pursues the independence in Europe option, Euro membership would not be an issue of substance in the early years and that the focus of EMU discussions would likely be on the need for a deficit reduction programme for Scotland.
KW - monetary union
KW - Euro
KW - currency union
KW - European Union
KW - Scottish economy
KW - EMU
KW - EU
M3 - Other report
BT - Economic and Monetary Union
PB - University of Strathclyde
CY - Glasgow
ER -