2010 Fiscal Year Final Research Report
Historical Origins of European Monetary Union and France's Monetary Strategy, 1968-1979
| Project/Area Number |
20530315
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| Research Category |
Grant-in-Aid for Scientific Research (C)
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| Allocation Type | Single-year Grants |
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| Section | 一般 |
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| Research Field |
Economic history
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| Research Institution | Yokohama College of Commerce |
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Principal Investigator |
GONJO Yasuo Yokohama College of Commerce, 商学部, 教授 (30018006)
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| Project Period (FY) |
2008 – 2010
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| Keywords | 通貨統合 / 欧州通貨統合 / フランス経済 / 新自由主義 / 国際通貨制度 |
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| Research Abstract |
The single European currency euro has its origins in the 1970s. During this period, France and other EEC member States decided to create Economic and Monetary Union, seeking to adapt to new economic environment resulting from a generalization of the floating exchange rate system and the first oil-price shock. For small-and-medium industrialized countries like European, creating EMU was a kind of survival strategy. It is impossible to achieve monetary union without harmonizing national macroeconomic policies. Through the battle against stagflation, the countries of Europe made change their policies based on neo-liberalism philosophy. And they could come to the starting point of monetary unification by the end of the 1970s.
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