A History of Monetary Unions

A History of Monetary Unions PDF Author: John F Chown
Publisher: Routledge
ISBN: 1134473036
Category : Business & Economics
Languages : en
Pages : 382

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Book Description
In this comprehensive historical overview, the author writes about Monetary Unions with admirable completeness. Written in a readable and enjoyable prose, A History of Monetary Unions combines historical analysis with present day context.

A History of Monetary Unions

A History of Monetary Unions PDF Author: John F Chown
Publisher: Routledge
ISBN: 1134473036
Category : Business & Economics
Languages : en
Pages : 382

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Book Description
In this comprehensive historical overview, the author writes about Monetary Unions with admirable completeness. Written in a readable and enjoyable prose, A History of Monetary Unions combines historical analysis with present day context.

The Economics of Monetary Unions

The Economics of Monetary Unions PDF Author: Juan E. Castañeda
Publisher: Routledge
ISBN: 1000036790
Category : Business & Economics
Languages : en
Pages : 271

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Book Description
In this book, a historical analysis of the precedents of the euro is examined within the context of the current issues affecting the Eurozone and the long-term effects of the institutional changes implemented since 2010. The book begins by placing the Eurozone challenges in the historical context of previous monetary unions, drawing on the experience of the gold standard. It then specifically focuses on the problems arising from the running of permanent trade imbalances within the Eurozone. The authors explore the advantages and disadvantages of being a member of the Eurozone and attempt to measure the optimality of a currency area by the calculation of an index on internal macroeconomic asymmetries. They address the proposals recently made in favour of a fiscal union in the Euro zone; including the economic and political feasibility of fiscal transfers in the Eurozone. The final two papers discuss whether the monetary union is in fact more than just that, and whether it will lead inevitably to some form of political union if it is to survive. With chapters by leading experts from both Europe and the UK, this book will appeal to students in Economics, Finance, Politics, EU integration and European studies; as well as academics and professional economists doing research in EU integration, the Euro zone, monetary history and monetary and banking unions in Europe, the UK and elsewhere.

Making the European Monetary Union

Making the European Monetary Union PDF Author: Harold James
Publisher: Harvard University Press
ISBN: 0674070941
Category : Business & Economics
Languages : en
Pages : 324

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Book Description
Europe’s financial crisis cannot be blamed on the Euro, Harold James contends in this probing exploration of the whys, whens, whos, and what-ifs of European monetary union. The current crisis goes deeper, to a series of problems that were debated but not resolved at the time of the Euro’s invention. Since the 1960s, Europeans had been looking for a way to address two conundrums simultaneously: the dollar’s privileged position in the international monetary system, and Germany’s persistent current account surpluses in Europe. The Euro was created under a politically independent central bank to meet the primary goal of price stability. But while the monetary side of union was clearly conceived, other prerequisites of stability were beyond the reach of technocratic central bankers. Issues such as fiscal rules and Europe-wide banking supervision and regulation were thoroughly discussed during planning in the late 1980s and 1990s, but remained in the hands of member states. That omission proved to be a cause of crisis decades later. Here is an account that helps readers understand the European monetary crisis in depth, by tracing behind-the-scenes negotiations using an array of sources unavailable until now, notably from the European Community’s Committee of Central Bank Governors and the Delors Committee of 1988–89, which set out the plan for how Europe could reach its goal of monetary union. As this foundational study makes clear, it was the constant friction between politicians and technocrats that shaped the Euro. And, Euro or no Euro, this clash will continue into the future.

Monetary Unions

Monetary Unions PDF Author: Sławomir Bukowski
Publisher:
ISBN: 9781536142501
Category : Business & Economics
Languages : en
Pages : 0

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Book Description
This book is a new approach to understanding monetary unions. This collaboration of scientists from different countries with leading professor and supervisor Slawomir I. Bukowski have prepared essays, which concern current and previous problems of functioning of monetary unions, especially the euro area. The contents of this book and the problems the authors have undertaken are very important and current in the situation concerning the world after the last recession and financial/fiscal crisis.This book embraces the problems of theoretical and historical fundamentals of monetary union with special concentration on the euro area, and discusses concerns of nominal and real convergence within the Economic and Monetary Union in the Europe, as well as problems of fiscal and monetary policy in the euro area. Problems of sociual policy and the issue of the financial markets role in the financing process of European companies.The conclusions that were made concern different problems of functioning of monetary unions, especially in the euro area, which will be very useful not only in debates between scientists, but also for politicians in the European Unions. The content of the book and the problems which are tackled in it are not a contribution to the discussion which is going on and which, in my opinion, will last for a long time because there are many things which are still not understood, and economic life in the globalized world poses many challenges which economists are trying to respond to.This book will be very useful and interesting for scientists economists, journalists, students and politicians.

The Economics of Monetary Integration

The Economics of Monetary Integration PDF Author: Paul de Grauwe
Publisher: Oxford University Press, USA
ISBN:
Category : Business & Economics
Languages : en
Pages : 212

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Book Description
"This expositive textbook on monetary integration looks at the costs and benefits of monetary union in Europe. The author examines such topical issues as whether there is a good economic case for countries to have separate currencies, and whether a nation increases its welfare when it abolishes its national currency and adopts the currency of a wider area. This leads naturally to questions concerning the size of an optimal monetary area - should this include the EC, the whole of Europe, or the whole world?" "The first part of the book focuses on complete monetary unions in which a common currency is substituted for national currencies. The second part looks at incomplete monetary unions and analyzes the operation of monetary systems in which national monetary authorities maintain their national currencies but agree to fix their exchange rates. This leads to an analysis of the European Monetary System and also examines the issues relating to the transition to a full monetary system." "The book combines comprehensive exposition with discussion of recent historical events and theory and will prove invaluable to students."--BOOK JACKET.Title Summary field provided by Blackwell North America, Inc. All Rights Reserved

EU Law of Economic & Monetary Union

EU Law of Economic & Monetary Union PDF Author: Fabian Amtenbrink
Publisher: Oxford University Press
ISBN: 019251248X
Category : Law
Languages : en
Pages : 1808

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Book Description
Presenting a sweeping analysis of the legal foundations, institutions, and substantive legal issues in EU monetary integration, The EU Law of Economic and Monetary Union serves as an authoritative reference on the legal framework of European economic and monetary union. The book opens by setting out the broader contexts for the European project - historical, economic, political, and regarding the international framework. It goes on to examine the constitutional architecture of EMU; the main institutions and their legal powers; the core legal provisions of monetary and economic union; and the relationship of EMU with EU financial market and banking regulation. The concluding section analyses the current EMU crisis and the main avenues of future reform.

The Road to Maastricht

The Road to Maastricht PDF Author: Kenneth H. F. Dyson
Publisher: Oxford University Press
ISBN: 019829638X
Category : Business & Economics
Languages : en
Pages : 884

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Book Description
Economic and monetary union in the European Union represents a massive change for Europe and for the world. The Road to Maastricht identifies why the agreement was possible and how the agreement was made. The book examines the motives that inspired European political leaders, the strategies that they pursued, and the institutions that were used to achieve monetary union. Drawing on a wide range of sources and unprecedented research and interviews, the book combines careful political analysis with new information about the way in which European Monetary Union was negotiated. It delves into the complex forces at work in Europe, including the cross-national political interactions, to produce an authoritative account of the boldest and riskiest venture in the history of European integration.

The Future of EMU

The Future of EMU PDF Author: Leila Simona Talani
Publisher: Palgrave MacMillan
ISBN:
Category : Business & Economics
Languages : en
Pages : 232

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Book Description
"This book brings together the most established experts in the area to provide a comprehensive interdisciplinary perspective on the issues expected to face EMU over the next few decades, and to propose solutions to the challenges which may arise. As well as offering new and insightful contributions to the integration debate, the book is also policy-oriented, and aims to assess the future impact of EMU on various EU policy areas, such as trade policy and fiscal policy, and also its impact on political union and labour markets. With a wealth of fresh and innovative interdisciplinary perspectives on the future of EMU and on the EU integration process as a whole, this fascinating book is an essential companion for all wishing to gain a greater understanding of the challenges facing European integration in the decades to come, and the part which EMU will play in the future of Europe."--BOOK JACKET.

The Currency of Ideas

The Currency of Ideas PDF Author: Kathleen R. McNamara
Publisher: Cornell University Press
ISBN: 1501711938
Category : Political Science
Languages : en
Pages : 211

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Book Description
Why have the states of Europe agreed to create an Economic and Monetary Union (EMU) and a single European currency? What will decide the fate of this bold project? This book explains why monetary integration has deepened in Europe from the Bretton Woods era to the present day. McNamara argues that the development of a neoliberal economic policy consensus among European leaders in the years after the first oil crisis was crucial to stability in the European Monetary System and progress towards EMU. She identifies two factors, rising capital mobility and changing ideas about the government's proper role in monetary policymaking, as critical to the neoliberal consensus but warns that unresolved social tensions in this consensus may provoke a political backlash against EMU and its neoliberal reforms.McNamara's findings are relevant not only to European monetary integration, but to more general questions about the effects of international capital flows on states. Although this book delineates a range of constraints created by economic interdependence, McNamara rejects the notion that international market forces simply dictate government policy choice. She demonstrates that the process of neoliberal policy change is a historically dependent one, shaped by policymakers' shared beliefs and interpretations of their experiences in the global economy.

Architects of the Euro

Architects of the Euro PDF Author: Kenneth Dyson
Publisher: Oxford University Press
ISBN: 019105478X
Category : Political Science
Languages : en
Pages : 328

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Book Description
Who were key figures in the making of European monetary union? Which ideas did they contribute to ensuring that monetary union would be sustainable? How prescient were they in identifying the necessary and sufficient foundations of a sustainable monetary union? This book provides the first systematic historical examination of key architects of European monetary union in the period before its launch in 1999. Using original archival and interview research, it investigates the intellectual and career backgrounds of these architects, their networking skills, and their own doubts and reservations about the way in which monetary union was being constructed. In the light of the later Euro Area, Architects of the Euro deals critically with not just their contribution to the making of European monetary union but also their legacy. The book brings together a distinguished group of scholars working on the history of Economic and Monetary Union.