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National labour market institutions and the European Economic and Monetary integration process

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Abstract
This article investigates the role of national labour market institutions for the chances of successful transition to Economic and Monetary Union (EMU) in Europe, as well as for its viability. The conclusions are rather pessimistic. Although overlooked by the Maastricht Treaty, the need for real convergence (convergence of unemployment rates) is emphasized as a major condition for success. However, current labour market institutions in the EU make it quite unlikely that this condition will be fulfilled. We show that the implementation of the Maastricht programme may instead turn into an obstacle to monetary unification.

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Chicago
Heylen, Freddy, and A. Van Poeck. 1995. “National Labour Market Institutions and the European Economic and Monetary Integration Process.” Journal of Common Market Studies 33 (4): 573–595.
APA
Heylen, F., & Van Poeck, A. (1995). National labour market institutions and the European Economic and Monetary integration process. JOURNAL OF COMMON MARKET STUDIES, 33(4), 573–595.
Vancouver
1.
Heylen F, Van Poeck A. National labour market institutions and the European Economic and Monetary integration process. JOURNAL OF COMMON MARKET STUDIES. Oxford, England: Blackwell; 1995;33(4):573–95.
MLA
Heylen, Freddy, and A. Van Poeck. “National Labour Market Institutions and the European Economic and Monetary Integration Process.” JOURNAL OF COMMON MARKET STUDIES 33.4 (1995): 573–595. Print.
@article{255027,
  abstract     = {This article investigates the role of national labour market institutions for the chances of successful transition to Economic and Monetary Union (EMU) in Europe, as well as for its viability. The conclusions are rather pessimistic. Although overlooked by the Maastricht Treaty, the need for real convergence (convergence of unemployment rates) is emphasized as a major condition for success. However, current labour market institutions in the EU make it quite unlikely that this condition will be fulfilled. We show that the implementation of the Maastricht programme may instead turn into an obstacle to monetary unification.},
  author       = {Heylen, Freddy and Van Poeck, A.},
  issn         = {0021-9886},
  journal      = {JOURNAL OF COMMON MARKET STUDIES},
  language     = {eng},
  number       = {4},
  pages        = {573--595},
  publisher    = {Blackwell},
  title        = {National labour market institutions and the European Economic and Monetary integration process},
  volume       = {33},
  year         = {1995},
}