000			01444pab a2200193 454500
008			180718b1999 xxu||||| |||| 00| 0 eng d
100			_aLeydesdorff, Loet
245			_aIs the European monetary system converging to integration
260			_c1999
300			_ap.57-86
362			_aMar
520			_aThe emerging system at the European level can be conceptualized as a pattern of relations among member states that tends to be reproduced despite disturbances in individual trajectories. The Markov property is used as an indicator of systemness in the distribution. The individual trajectories of nations participating in the European Monetary System are assessed using an information theoretical model that is consistent with the Markov property in the multivariate case. Economic and monetary integration are analysed using independent data sets. Increasing integration can be retrieved in both of these dimensions, notably since the currency crises of 1992 and 1993. However, the dynamics for countries which have strongly coupled their currency to the German Mark are different from those which did not. Additionally, developments in inflation and exchange rates at the European level are assessed in relation to global developments. - Reproduced
650			_aCurrencies
650			_aMonetary policy
650			_aEuropean monetary union
700			_aOomes, Nienke A.
773			_aSocial Science Information
909			_a41132
999			_c41132 _d41132