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Part VI Monetary Unions and other Forms of Monetary Organization, 31 The Euro and Monetary Sovereignty

Charles Proctor, Dr Caroline Kleiner, Dr Florian Mohs

From: Mann on the Legal Aspect of Money (7th Edition)

Charles Proctor

From: Oxford Legal Research Library (http://olrl.ouplaw.com). (c) Oxford University Press, 2023. All Rights Reserved.date: 26 March 2023

Monetary sovereignty — Exchange control — Euro — Eurozone — European Central Bank
31.01 The process of monetary union has, without question, resulted in the transfer of national monetary sovereignty from Member States to entities subsisting within the framework of the EC Treaties. Indeed, for a number of years, the perceived desire to preserve sovereignty in this area lay at the heart of the continuing political debate about the United Kingdom's (non-)membership of the eurozone.1 It has, however, been shown that monetary sovereignty is not a single and indivisible concept; apart from any other classifications which might be adopted, monetary...
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