EUI - Robert Schuman Centre for Advanced Studies European Forum Discussion Paper 24 November 2005 CONTENTS: 1. Introduction. 2. The ERM 2: reasons behind the absence of a formal rule on the adoption of an intra-Community exchange-rate mechanism within the EC Treaty. 3. Current legal basis of the ERM 2. 4. Operational procedures of the ERM 2. 5. Matters concerning new Member States’ participation in the ERM 2. 6. ERM 2 participation as a way to meet the exchange-rate stability convergence criterion. 7. Euroisation.
Granting the Euro Legal Tender Status: Legal Issues Related to Exchange-Rate Stability, ERM 2 and Euroisation
VITERBO, Annamaria
2005-01-01
Abstract
EUI - Robert Schuman Centre for Advanced Studies European Forum Discussion Paper 24 November 2005 CONTENTS: 1. Introduction. 2. The ERM 2: reasons behind the absence of a formal rule on the adoption of an intra-Community exchange-rate mechanism within the EC Treaty. 3. Current legal basis of the ERM 2. 4. Operational procedures of the ERM 2. 5. Matters concerning new Member States’ participation in the ERM 2. 6. ERM 2 participation as a way to meet the exchange-rate stability convergence criterion. 7. Euroisation.
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