Reference : Economic Ideas and Political Action in Shaping Economic and Monetary Union: Pierre We...

	Document type :	Scientific congresses, symposiums and conference proceedings : Paper published in a book
	Discipline(s) :	Law, criminology & political science : Political science, public administration & international relations Arts & humanities : History Arts & humanities : Multidisciplinary, general & others Business & economic sciences : Finance Business & economic sciences : General economics & history of economic thought Business & economic sciences : International economics Business & economic sciences : Macroeconomics & monetary economics
	Focus Areas :	Finance
	To cite this reference:	http://hdl.handle.net/10993/51154

Title :	Economic Ideas and Political Action in Shaping Economic and Monetary Union: Pierre Werner and Luxembourg
Language :	English
Author, co-author :	Danescu, Elena [University of Luxembourg > Luxembourg Centre for Contemporary and Digital History (C2DH) > Contemporary European History >]
Publication date :	19-Nov-2022
Edition :	Sciendo 2022
Main document title :	Fostering recovery through metaverse business modelling - An interdisciplinary analysis of the new paradigm shift
Author, co-author :	Danescu, Elena
Editor :	Dima, Alina
Publisher :	De Gruyter
Pages :	18
Peer reviewed :	Yes
Audience :	International
ISBN :	978-83-67405-07-2
City :	Warsaw
Country :	Poland
Event name :	Fostering recovery through metaverse business modelling - The 5th International Conference on Economics and Social Sciences
Event date :	From 16-06-2022 to 17-06-2022
Event organizer :	The Bucharest University of Economic Studies
	Romanian Academy
	Università Sapienza di Roma
	EM Strasbourg Business School
	The European Higher Education and Research Network
	The Ministry of Finance of the Grand Duchy of Luxembourg
	University of Luxembourg
	Europe Direct at the University of Luxembourg
	Luxembourg Centre for Contemporary and Digital History
Event place (city) :	Bucharest
Event country :	Romania
Keywords :	[en] Economic and Monetary Union ; Luxembourg in European integration history ; European single currency ; Financial integration ; Luxembourg international financial centre ; Pierre Werner ; The Werner Report ; The Werner Committee ; European institutions ; Belgian-Luxembourg Economic Union ; Benelux ; Interdisciplinarity ; Archival sources ; Oral history ; European integration history
Abstract :	[en] The international financial centre in Luxembourg grew considerably in the 1960s, driven by proactive government policy, flexible regulation, a willingness to harness external opportunities and the establishment of Community institutions and European funding institutions in the country. As Luxembourg was in a currency union with Belgium within the Belgium-Luxembourg Economic Union and did not have its own Central Bank, these developments were all the more meaningful. When the European integration process experienced a series of major crises – including the failure of the European Defence Community and European Political Community in 1954, the empty chair crisis in 1966 and General de Gaulle’s veto on British accession in 1962 and 1967 –, Luxembourg set out on the path of European monetary integration, under the impetus of Finance Minister and Prime Minister Pierre Werner. In October 1970, the Werner Report provided a detailed blueprint for Economic and Monetary Union and laid the foundations for the euro. The Luxembourg financial centre would serve as a “laboratory” for the future single currency. This paper makes extensive use of relevant European and international archives and original interviews, adopting an interdisciplinary approach to analyse Luxembourg’s leading role in reconciling different views on EMU and fostering political commitment to a European currency among the Member States.
Research centres :	Luxembourg Centre for Contemporary and Digital History (C2DH) > Contemporary European History (EHI)
Funders :	The Bucharest University of Economic Studies ; Romanian Academy ; Università Sapienza di Roma ; EM Strasbourg Business School ; The European Higher Education and Research Network
Target :	Researchers
Permalink :	http://hdl.handle.net/10993/51154
DOI :	https://doi.org/10.2478/9788367405072-002
Other URL :	https://icess.ase.ro/5th-icess/
Mentions required by the publisher for OA :	This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License. Open Access Sciendo, 2022

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