Part VI Monetary Unions and other Forms of Monetary Organization, 24 The Nature and History of Monetary Unions

24.01 In the preface to the fifth edition of this work, completed in 1991, Dr Mann noted the efforts then being made to establish a monetary union or a single currency in Europe. From the language he employed, it is perhaps fair to infer that Dr Mann (along with many others) did not find this proposal entirely to his taste. Nevertheless, in the years which have elapsed since Dr Mann expressed his views, a project which was at times uncertain and, to many, ill-advised has now come to fruition; the euro was established as the single currency of eleven participating...