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Political Economy of Monetary Union
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Taking a broad, interdisciplinary approach, Malcolm Levitt and Christopher Lord provide a systematic assessment of the inextricably linked politics and economics of monetary union. The authors first look at the historical and conceptual background and the evolution of thinking on the single currency from the Maastricht model, through the decisions on membership and establishment of the Central Bank, to the introduction of the Euro. They then proceed to assess the organisational and policy implications of EMU and its significance within the general processes of European integration.Table of con...
Taking a broad, interdisciplinary approach, Malcolm Levitt and Christopher Lord provide a systematic assessment of the inextricably linked politics and economics of monetary union. The authors first look at the historical and conceptual background and the evolution of thinking on the single currency from the Maastricht model, through the decisions on membership and establishment of the Central Bank, to the introduction of the Euro. They then proceed to assess the organisational and policy implications of EMU and its significance within the general processes of European integration.
Table of contents:
Introduction
What is Monetary Union?
Conceiving Monetary Union, 1957-88
The Bargaining of Monetary Union, 1988-91
The Politics of the Transition, 1991-98
The Economics of the Maastricht Treaty
The Economics of the Transition, 1991-98
Implications for Monetary Policy
Implications for Fiscal Policy
The Euro as a Global Currency
EMU and the Single Market for Financial Services
The European Central Bank
The Commission-Council Tandem under Monetary Union
Representation and Accountability under Monetary Union
The Place of Monetary Union in European Integration
Table of contents:
Introduction
What is Monetary Union?
Conceiving Monetary Union, 1957-88
The Bargaining of Monetary Union, 1988-91
The Politics of the Transition, 1991-98
The Economics of the Maastricht Treaty
The Economics of the Transition, 1991-98
Implications for Monetary Policy
Implications for Fiscal Policy
The Euro as a Global Currency
EMU and the Single Market for Financial Services
The European Central Bank
The Commission-Council Tandem under Monetary Union
Representation and Accountability under Monetary Union
The Place of Monetary Union in European Integration