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Additional resources for Aspects of European Monetary Integration: The Politics of Convergence
Perlman, 'In Search of Monetary Union', London School of Economics Financial Markets Group, (Special Paper, No 39, 1991). R. Bartel, op. cit. (1974), pp. 689-704. , (1974), p. 701. , p. 702. M. Perlman, op. cit. (1991). K. Dyson, Elusive Union: The Process of Economic and Monetary Union in Europe (London: Longman, 1994), p. 29. Barry Eichengreen, 'European Monetary Unification', Journal of Economic Literature, Vol. 31 (1993), pp. 13-22. For a more in-depth analysis of the historical origins of European integration, see: C.
EC Commission, 'One Market, One Money', European Economy, 44 (1990). 18. M. Artis, op. cit. (1994), p. 349. 26 Aspects of European Monetary Integration 19. The moral hazard problem may, in the end, result in the lender applying credit ceilings as a way of limiting the amount of risk. 20. J. Stiglitz and A. Weiss, 'Credit Rationing in Markets with Imperfect Information', American Economic Review, 71: 393-410 (1981). 21. G. R. D. Underhill, 'Introduction: Conceptualising the Changing Global Order', in R.
P Kindleberger, op. cit. (1985), pp. 119-20. In economic terms, by the early 1860s France, Belgium, Italy and Switzerland were already de facto in a currency union based upon French coinage. The French franc was a metric coin on a bimetallic base. When Belgium achieved its independence, its franc was modelled on the French franc, as was the reform of Swiss coinage in 1850. Piedmont had retained the franc (named the lira) from the Napoleonic occupation and, thus, Italy followed suit. R. J. Bartel, op.