The Euro

The Euro PDF Author: David Marsh
Publisher: Yale University Press
ISBN: 0300173903
Category : Business & Economics
Languages : en
Pages : 632

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Book Description
This book is the first comprehensive political and economic account of the birth and development of the Euro. Today the Euro is the supranational currency for sixteen European countries and the world's second-largest reserve currency. David Marsh tells the story of the rivalries, intrigues, and deal making that brought about a currency for Europe, and he analyzes the achievements and shortcomings of its first decade of existence. While the Euro represents a remarkable triumph of political will, great pressures are building on the single currency. Drawing on more than 100 interviews with leading figures associated with the Euro, and scores of secret documents from international archives, Marsh underscores the Euro's importance for the global economy, in particular for U.S. and British economic and political agendas. Hidden facts and fresh insights from The Euro --How the legacy of France and Germany's tortuous relations affects the Euro--Why the United Kingdom is unlikely to accept the Euro before 2025--The impact on the Euro of the U.S. credit crisis--How the Euro has rebounded against the aspirations of its founders--How Italy and Spain have massively lost competitiveness--Why radical changes must be adopted to prevent a European upheaval

The Euro

The Euro PDF Author: David Marsh
Publisher: Yale University Press
ISBN: 0300173903
Category : Business & Economics
Languages : en
Pages : 632

Get Book Here

Book Description
This book is the first comprehensive political and economic account of the birth and development of the Euro. Today the Euro is the supranational currency for sixteen European countries and the world's second-largest reserve currency. David Marsh tells the story of the rivalries, intrigues, and deal making that brought about a currency for Europe, and he analyzes the achievements and shortcomings of its first decade of existence. While the Euro represents a remarkable triumph of political will, great pressures are building on the single currency. Drawing on more than 100 interviews with leading figures associated with the Euro, and scores of secret documents from international archives, Marsh underscores the Euro's importance for the global economy, in particular for U.S. and British economic and political agendas. Hidden facts and fresh insights from The Euro --How the legacy of France and Germany's tortuous relations affects the Euro--Why the United Kingdom is unlikely to accept the Euro before 2025--The impact on the Euro of the U.S. credit crisis--How the Euro has rebounded against the aspirations of its founders--How Italy and Spain have massively lost competitiveness--Why radical changes must be adopted to prevent a European upheaval

The Future of the Euro Currency

The Future of the Euro Currency PDF Author: Paul-Jacques Lehmann
Publisher: John Wiley & Sons
ISBN: 1786303132
Category : Business & Economics
Languages : en
Pages : 192

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Book Description
The advent of the euro was a revolution for the 340 million people who exchanged their former currencies – considered a fundamental element of national sovereignty – for this new single currency. Encouraged by some who believe that its introduction gives more cohesion and strength to Europe in an increasingly globalized economy, the euro is criticized by others who believe that the constraints it imposes are a source of austerity and favor northern European countries at the expense of countries in the south. The Future of the Euro Currency traces the evolution of the monetary policy which the European Central Bank instituted at a time when economic, monetary and financial crises were legion. The book presents, as objectively as possible, the advantages and disadvantages of this new currency, while considering the improvements that could promote its durability.

A Stable External Currency for Europe

A Stable External Currency for Europe PDF Author: Jacques Riboud
Publisher: Springer
ISBN: 1349118214
Category : Business & Economics
Languages : en
Pages : 239

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Book Description
The author does not believe that the governments of the European Community - even supposing that they can agree on the matter - will succeed in imposing the ECU as a payment and reserve currency for use in the EEC's external trade. In the external market the choice of currency is free and a brand new currency will only be chosen if it is better than all the alternatives and if it has been successfully 'promoted'.

The Euro

The Euro PDF Author: Columbia University. School of Law. Parker School of Foreign and Comparative Law
Publisher:
ISBN:
Category : Euro
Languages : en
Pages :

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Book Description


The Euro at Ten: The Next Global Currency

The Euro at Ten: The Next Global Currency PDF Author:
Publisher: Peterson Institute
ISBN: 0881325589
Category :
Languages : en
Pages : 237

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Book Description


The Euro At Ten

The Euro At Ten PDF Author: Jean Pisani-Ferry
Publisher: Columbia University Press
ISBN: 0881325139
Category : Business & Economics
Languages : en
Pages : 237

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Book Description
Over the first ten years of its existence, the euro has proved to be more than a powerful symbol of collective identity. It has provided price stability to previously inflation-prone countries; it has offered a shelter against currency crises; and it has by and large been conducive to budgetary discipline. The eurozone has attracted five new members in addition to the initial eleven, and many countries in Europe wish to adopt it. The euro has also been successful internationally. Even though research presented in this volume confirms that it has not rivaled the dollar's world currency status, it has certainly become a strong regional currency in Europe and the Mediterranean region. Some countries in the region have de facto adopted it, several peg to it, and many have become at least partially euroized. However, the euro's impressive first decade is likely to be followed by a much more difficult period. The present financial crisis is posing at least two important challenges: real economic adjustment within the euro area and maintenance of fiscal and financial stability without a central government authority capable of taking appropriate financial and fiscal decisions in difficult times. The papers and remarks in this volume demonstrate that the euro has proved to be attractive as a fair weather currency for countries and investors well beyond its borders. But it remains to be seen whether it is equipped to also succeed as a stormy weather currency.

The Euro

The Euro PDF Author: David Marsh
Publisher: Yale University Press
ISBN: 0300127308
Category : Business & Economics
Languages : en
Pages : 361

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Book Description
Drawing on more than one hundred interviews with leading figures associated with the Euro and scores of secret documents from international archives, the author underscores the Euro's importance for the global economy, in particular for U.S. and British economic and political agendas.

The Future of Global Currency

The Future of Global Currency PDF Author: Benjamin J. Cohen
Publisher: Routledge
ISBN: 1136845887
Category : Political Science
Languages : en
Pages : 210

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Book Description
Can the euro challenge the supremacy of the U.S. dollar as a global currency? From the time Europe’s joint money was born, many have predicted that it would soon achieve parity with the dollar or possibly even surpass it. In reality, however, the euro has remained firmly planted in the dollar’s shadow. The essays collected in this volume explain why. Because of America’s external deficits and looming foreign debt, the dollar can never be as dominant as it once was. But Europe’s money is unable to mount an effective challenge. The euro suffers from a number of critical structural deficiencies, including an anti-growth bias that is built into the institutions of the monetary union and an ambiguous governance structure that sows doubts among prospective users. As recent events have demonstrated, members of the euro zone remain vulnerable to financial crisis. Moreover, lacking a single voice, the bloc continues to punch below its weight in monetary diplomacy. The world seems headed toward a leaderless monetary order, with several currencies in contention but none clearly dominant. This collection distils the views of one of the world’s leading scholars in global currency, and will be of considerable interest to students and scholars of international finance and international political economy.

Birth of a New Currency

Birth of a New Currency PDF Author: David E. W. Laidler
Publisher:
ISBN:
Category : Currency question
Languages : en
Pages : 36

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Book Description
The introduction of a single European currency, the euro, will have major consequences for the international monetary system and hence for the economic environment in which Canada must function. This commentary explores some of the issues involved. It discusses the economics and politics of the euro, the features of the Maastricht Treaty and criteria for European Monetary Union membership, constraints on fiscal policy after monetary union, the need for fiscal controls, the independence of the central bank under the Treaty, political considerations and the exchange rate, the labour market and macroeconomic policy, post-monetary-union problems, fiscal expansion, post-union scenarios where the euro ranges from weak to strong, and international monetary arrangements. Finally, the implications of European monetary union for Canada are discussed.

Understanding the Euro

Understanding the Euro PDF Author: Christian N. Chabot
Publisher: McGraw-Hill Companies
ISBN:
Category : Business & Economics
Languages : en
Pages : 216

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Book Description
Soon francs, lire, and deutschmarks will be relics of the past. When the euro replaces most major European currencies, starting January 1, 1999, it will set off shock waves for U.S. companies that must deal with the consequences. This title is written for business readers, providing all the information about Europe's new monetary unit. 10 illustrations.