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Author: Karl Kaltenthaler
Publisher: Duke University Press
ISBN: 9780822321712
Category : Business & Economics
Languages : en
Pages : 164
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Book Description
As countries in the European Union struggle to comply with the Maastricht Treaty, the question of monetary integration is at the forefront of European politics. This book explores how and why Germany--whose economic power makes it a pivotal player--has developed inconsistent policies toward European monetary institutions and how these institutions affect domestic politics and state policies toward the institutions.
Author: Karl Kaltenthaler
Publisher: Duke University Press
ISBN: 9780822321712
Category : Business & Economics
Languages : en
Pages : 164
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Book Description
As countries in the European Union struggle to comply with the Maastricht Treaty, the question of monetary integration is at the forefront of European politics. This book explores how and why Germany--whose economic power makes it a pivotal player--has developed inconsistent policies toward European monetary institutions and how these institutions affect domestic politics and state policies toward the institutions.
Author: Peter H. Loedel
Publisher: Lynne Rienner Publishers
ISBN: 9781555878351
Category : European Union
Languages : en
Pages : 280
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Book Description
Loedel (political science, West Chester U., Pennsylvania) examines why Germany was prepared to sacrifice the deutsche mark for European Monetary Union (EMU), providing in the process an account of the forces that exert pressure on the deutsche mark. Analyzed in depth is the institutional relationship between the Bundesbank and the federal government and Germany's bargaining strategies toward European and global monetary-governance structures. Annotation copyrighted by Book News, Inc., Portland, OR
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.
Author: Peter Henning Loedel
Publisher:
ISBN: 9781685851842
Category : POLITICAL SCIENCE
Languages : en
Pages : 0
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Book Description
Why is Germany prepared to sacrifice the deutsche mark for European Monetary Union? Peter Loedel's novel analysis, incorporating domestic, European, and global aspects of German monetary policy, suggests that the institutional relationship between the Bundesbank and the federal government, together with Germany's bargaining strategies toward European and global monetary-governance structures, can provide the answer to the deutsche mark puzzle. Examining the record from 1985 through May 1998, Loedel challenges common conceptions of the Bundesbank's independence. He also explores the ability of external structures to affect German monetary decisions. His presentation of political and economic forces offers fresh insight into the factors shaping German monetary politics and the future of EMU.
Author: Gunnar Matthiesen
Publisher: GRIN Verlag
ISBN: 3638686493
Category :
Languages : en
Pages : 144
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Book Description
Thesis (M.A.) from the year 1999 in the subject Politics - International Politics - Topic: European Union, grade: very good, University of Canterbury (Department of Politics and International Relations), 44 entries in the bibliography, language: English, abstract: The purpose of this paper is to explore the German national interest in European Economic and Monetary Union. Although not ignoring economic arguments, the analysis focuses on the arguably even more important political benefits and interests. The first chapter introduces EMU from a European perspective, as the next logical step to complete the Single Market and as a source of economic advantages for EU member states. However, it is also an important vehicle for the aim of political union. Hence, in view of Germany′s traditional position in Europe, the progress EMU represents in terms of achieving European unity is a significant factor that led to the unequivocal attitude of the Kohl government favour of EMU. The absolute necessity for Germany to advance the integration process was emphasised by German unification and the resulting political impossibility to refuse EMU as international support for a unified Germany was tied to stronger European integration. In addition, the common currency has benefits for Germany′s foreign trade reliant economy which seem to outweigh the economic doubts. Nevertheless, these concerns did play a role in defining political approaches and have influenced both the opposition′s stance and government policy towards EMU. The government aimed to ensure the Euro′s long term stability by insisting on the Maastricht criteria and the stability pact. The uncompromising approach in this area, which is one of the first occasions for Germany to staunchly defend its national interest in terms of the EU′s internal structures against a majority of member states, was necessary to secure political and public consent within Germany, but was met with dismay in other countries. While there was li
Author: Malcolm Crawford
Publisher: Springer
ISBN: 134925035X
Category : Business & Economics
Languages : en
Pages : 390
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Book Description
Europe is on the road to monetary union (EMU) even if there may be delays and diversions on the way. The focal point of EMU will be its single currency, valid throughout all participating countries, and replacing the national currencies. There will be considerable transitional pain and stress, most of all for member states with very high public debts. For the rest, the road ahead will not be smooth, but should be assisted by easier monetary policy in Germany since 1993. For some countries at least, the pain will be aggravated unnecessarily by design defects in the transitional rules for entry - which there is still time to remedy. The author - no admirer of a federal Europe - describes how EMU could actually work better in a confederal Europe with no federal chief executive and with a relatively weak Parliament. The independent Eurofed would be responsible for managing economic policy on an EC-wide basis, while national governments could use fiscal policies to mitigate local deviations. Weak regions and poor peripheral countries would require more flexible assistance from EC resources, however.
Author: Matthias Kaelberer
Publisher: State University of New York Press
ISBN: 0791490394
Category : Political Science
Languages : en
Pages : 272
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Book Description
Tracing the forty-year history of negotiations to construct exchange rate regimes in the European Union, Money and Power in Europe emphasizes the role of a state's bargaining power for the formation of rules. In contrast to the prevailing literature's emphasis on domestic factors like sectoral and partisan interests, policy ideas and domestic institutional structures, Matthias Kaelberer highlights the structural conflict of interest between weak and strong currency countries over the rules of monetary cooperation. Strong currency countries, in particular Germany, because they do not face a reserve constraint, are in a position to shape the rules of monetary regimes decidedly in their favor, including the refusal to compromise on rules of domestic macroeconomic adjustment.
Author: Barry J. Eichengreen
Publisher:
ISBN:
Category : Monetary unions
Languages : en
Pages : 52
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Book Description
Author: Markus K. Brunnermeier
Publisher: Princeton University Press
ISBN: 1400883334
Category : Business & Economics
Languages : en
Pages : 457
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Book Description
How philosophical differences between Eurozone nations led to the Euro crisis—and where to go from here Why is Europe's great monetary endeavor, the Euro, in trouble? A string of economic difficulties in Greece, Ireland, Spain, Italy, and other Eurozone nations has left observers wondering whether the currency union can survive. In this book, Markus Brunnermeier, Harold James, and Jean-Pierre Landau argue that the core problem with the Euro lies in the philosophical differences between the founding countries of the Eurozone, particularly Germany and France. But the authors also show how these seemingly incompatible differences can be reconciled to ensure Europe’s survival. As the authors demonstrate, Germany, a federal state with strong regional governments, saw the Maastricht Treaty, the framework for the Euro, as a set of rules. France, on the other hand, with a more centralized system of government, saw the framework as flexible, to be overseen by governments. The authors discuss how the troubles faced by the Euro have led its member states to focus on national, as opposed to collective, responses, a reaction explained by the resurgence of the battle of economic ideas: rules vs. discretion, liability vs. solidarity, solvency vs. liquidity, austerity vs. stimulus. Weaving together economic analysis and historical reflection, The Euro and the Battle of Ideas provides a forensic investigation and a road map for Europe’s future.
Author: William Pollard Wadbrook
Publisher: New York : Praeger
ISBN:
Category : Business & Economics
Languages : en
Pages : 370
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Book Description
Summary: A beautifully photographed, bewildering story of a young man's attempts to lure a woman to run away with him. An art house hit in its day. Features Delphine Seyrig, Giorgio Albertazz and Sacha Pitoeff. French language, English subtitles.
