With the entry into the third stage of economic and monetary union on January 1, 1999, the European Union’s monetary relations with third countries and international organizations such as the IMF, the WTO and the OECD have come into focus.

After an analysis of the regulatory framework that has been in place since the Maastricht Treaty, the author shows the scope for European monetary policy against the background of liberalized capital and payment flows as well as ways to integrate monetary union into the world monetary system. It offers basic principles and proposed solutions for deciding difficult problems of Community and international law in the course of the introduction of the “euro”.

The work is intended for all those interested in questions of monetary and capital movements law in economics, politics and the administration of justice.

The author deals with questions of the European Economic and Monetary Union.