European Economic And Monetary Union

Author : Fabian Amtenbrink,Christoph Herrmann
Publisher : Oxford University Press
Page : 1808 pages
File Size : 42,6 Mb
Release : 2020-05-21
Category : Law
ISBN : 9780192512499

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EU Law of Economic & Monetary Union by Fabian Amtenbrink,Christoph Herrmann Pdf

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.

Author : Nicola Acocella
Publisher : Cambridge University Press
Page : 489 pages
File Size : 45,8 Mb
Release : 2020-08-27
Category : Business & Economics
ISBN : 9781108840873

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The European Monetary Union by Nicola Acocella Pdf

Analyzes the roots of Europe's economic decline, examining institutions of the European Union and exploring possibilities for reform.

Author : Scheherazade S. Rehman
Publisher : Springer Science & Business Media
Page : 478 pages
File Size : 42,9 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9789401153584

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The Path to European Economic and Monetary Union by Scheherazade S. Rehman Pdf

Sir Alan Walters ex-chief economic advisor to PM Margaret Thatcher Whether it succeeds or fails, Europe is everyone's concern. The idea of a united Europe has been entertained, even partially at least, achieved, inter alia, CharlemagI!e, Napoleon, Hitler, and in our da)' by Spaak, Monet and Chancellor Kohl: the first three by military conquest, the last three by "negotiation" and the creation of integrating institutional arrangements. The motives varied from the twisted paranoia of the Nazis to the idealism of SpaaklMonet/Kohl in avoiding conflicts and wars. Under the protection of NATO the European Coal and Steel Community soon was transformed into the EEC by the 1957 Treaty of Rome. The massive reduction of trade barriers, particularly between France and Germany, was rewarded by vigorous growth over the next 15 years. Even as late as 1972, when Britain acceeded to the Treaty of Rome, the EEC was thought to be lar~ely a customs union: in de Gaulle eyes the EEC was simply a collection of sovereISJ:l states who cooperated primarily on trade. Each state however enjoyed a veto; deCIsions had to be unanimous.

Author : Kenneth Dyson,Kenneth H. F. Dyson,Kevin Featherstone
Publisher : Oxford University Press
Page : 884 pages
File Size : 46,6 Mb
Release : 1999
Category : Business & Economics
ISBN : 9780198296386

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The Road to Maastricht by Kenneth Dyson,Kenneth H. F. Dyson,Kevin Featherstone Pdf

Providing a comprehensive and definitive account of the negotiations that led up to the agreement on Economic and Monetary Union at Maastricht in December 1991, this book examines the dynamics of the treaty negotiations.

Author : Jürgen von Hagen,Christopher J. Waller
Publisher : Springer Science & Business Media
Page : 331 pages
File Size : 40,7 Mb
Release : 2013-04-17
Category : Business & Economics
ISBN : 9781475763904

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Regional Aspects of Monetary Policy in Europe by Jürgen von Hagen,Christopher J. Waller Pdf

Monetary union has dawned in Europe. Now that the common currency is a reality, questions concerning the practical conduct of monetary policy in the European Monetary Union (EMU) are moving to the forefront of the policy debate. Among these, one of the most critical is how the new monetary union will cope with the large heterogeneity of its member economies. Given the large differences in economic and financial structures among the EMU member states, monetary policy is likely to affect different member economies in different ways. Regional Aspects of Monetary Policy in Europe collects the proceedings of an international conference held at the Center for European Integration Studies of the University of Bonn, dedicated to this issue. The contributions to this conference fall into two parts. The first part consists of empirical and theoretical studies of the regional effects of monetary policy in heterogeneous monetary unions. The second part consists of papers analyzing the political economy of monetary policy in a monetary union of heterogeneous regions or member states. The papers all support the conclusion that regional differences in the responses to a common monetary policy will make European monetary policy especially difficult in the years to come. Such differences arise from a variety of sources, and they cannot be expected to be mere teething troubles that will disappear after a while. Even if they were ignored in the run-up to the EMU, Europe's central bankers and economic policy makers will have to learn how to cope with such differences in the future.

Author : David Howarth,Amy Verdun
Publisher : Routledge
Page : 0 pages
File Size : 51,8 Mb
Release : 2023-09-25
Category : Electronic
ISBN : 0367546027

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Economic and Monetary Union at Twenty by David Howarth,Amy Verdun Pdf

The contributions to this book examine the two main asymmetries of the Euro Area as they have intensified during the second decade of Economic and Monetary Union (EMU): the first between monetary union (more supranational governance) versus 'economic' union (less centralised governance); the second between those Euro Area member states of the so-called 'core' and those of the 'periphery'. EMU stands as one of the European Union's (EU) flagship integration achievements. Set up in 1999, with the large majority of EU member states at the time, EMU was described as 'asymmetrical' even prior to its start. From the outset, it involved asymmetrical integration in monetary and 'economic' union. Although a major element of the blueprint that paved the way for the final stage of EMU, the concept of 'economic' union was insufficiently developed. The second decade of the single currency gave rise to a second asymmetry, namely one between those Euro Area member states of the 'core' and those of the 'periphery'. The ten contributions to this volume speak to one or both of these asymmetries, covering the major political, political economy and policy dimensions of EMU and the ongoing debates about necessary policy and institutional reforms to overcome these asymmetries and bolster Euro Area stability. The outbreak of the Coronavirus (Covid-19) Crisis in 2020 created unprecedented socio-economic challenges for Euro Area member states, heightening the perceived urgency of reform. The chapters in this book were originally published as a special issue of the Journal of European Integration.

Author : Prof H M Scobie
Publisher : Routledge
Page : 144 pages
File Size : 50,7 Mb
Release : 2004-01-14
Category : Business & Economics
ISBN : 9781134687862

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European Monetary Union by Prof H M Scobie Pdf

A detailed analysis of the economic effects of the changeover to a unified European currency and the pressures caused by a dual-currency system over the transition period to the Euro. Subjects discussed include: * fiscal transfer payments: the implications of the US structure for the EMU * consequences of parallel currency 1999-2002 * feasibility of a single currency without the exchange rate mechanism * the relationship between the UK and Europe * accounts of moves towards monetary union in Austria, Portugal and Finland.

Author : Erik Jones
Publisher : Rowman & Littlefield Publishers
Page : 236 pages
File Size : 42,9 Mb
Release : 2002
Category : Business & Economics
ISBN : STANFORD:36105112292656

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The Politics of Economic and Monetary Union by Erik Jones Pdf

This clearly written textbook provides a comprehensive exploration of the formation of an economic and monetary union among twelve of Europe's leading countries, the most exciting experiment in modern political economics. Erik Jones charts the embattled history of this extraordinary project, explains the reasons it developed, and assesses how the controversies surrounding it may evolve in the future. Can a single monetary policy satisfy the needs of twelve very different countries? Does the establishment of a European central bank herald the emergence of a new, more federal European Union? Will Europe's new single currency, the euro, come to rival the dollar for world leadership? Or will the euro collapse as conflicts between participating countries work to tear the European economic and monetary union apart? The Politics of Economic and Monetary Union offers surprising answers to these questions. By focusing attention on who wins and who loses from the creation of the euro, Erik Jones argues that the diversity of participating countries is a strength rather than a weakness, that Europe's single currency helps to maintain such diversity rather that to eliminate it, and that while the euro may never rival the dollar it is nevertheless unlikely to fall apart.

Author : Harold James
Publisher : Harvard University Press
Page : 324 pages
File Size : 55,5 Mb
Release : 2012-11-19
Category : Business & Economics
ISBN : 9780674070943

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Making the European Monetary Union by Harold James Pdf

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.

Author : Mr.Francesco P. Mongelli
Publisher : International Monetary Fund
Page : 37 pages
File Size : 55,8 Mb
Release : 1997-07-01
Category : Business & Economics
ISBN : 9781451951271

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Effects of the European Economic and Monetary Union (EMU) on Taxation and Interest Spending of National Governments by Mr.Francesco P. Mongelli Pdf

This paper examines the interest spending and taxation channels through which EMU could affect the public finances. It provides a framework for examining different views on a further narrowing of interest rate differentials. A model of Blanchard and Fischer is amended to analyze the two channels, and empirical evidence on the tax harmonization process is presented. The paper argues that “high-debt” and “high-tax” countries pursuing prudent fiscal policies could benefit the most from EMU: if monetary and widespread fiscal discipline are jointly established, interest rates could decline rapidly, while tax harmonization is likely to be gradual.

Author : Rolf Caesar,Hans-Eckart Scharrer
Publisher : Nomos Verlagsgesellschaft
Page : 504 pages
File Size : 44,8 Mb
Release : 2001
Category : Monetary policy
ISBN : STANFORD:36105029691107

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European Economic and Monetary Union by Rolf Caesar,Hans-Eckart Scharrer Pdf

Author : Rolf Caesar
Publisher : Unknown
Page : 350 pages
File Size : 46,9 Mb
Release : 2002
Category : Europe
ISBN : IND:30000087797407

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European Economic and Monetary Union by Rolf Caesar Pdf

Author : Jennifer C. Martin-Das
Publisher : Edward Elgar Publishing
Page : 344 pages
File Size : 45,6 Mb
Release : 2002
Category : Business & Economics
ISBN : STANFORD:36105026158761

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The European Monetary Union in a Public Choice Perspective by Jennifer C. Martin-Das Pdf

The future of European Monetary Union (EMU) stands as one of the most important economic issues of the era. The author argues that in the event of macroeconomic shocks, rather than acting as a cohesive force, EMU could give rise to disunity. As EMU is not an optimal currency area, asymmetric shocks affecting each country differently could be critical to its future. The success of EMU depends upon the ability of institutions in the EU to satisfy the monetary and fiscal policy demands of sufficient numbers of national constituents, interest groups, and multinational corporations. This book employs principles from public choice to analyze the EU institutions that participate in the monetary policy making process of EMU and assesses whether they have the mechanisms to cope with asymmetric macroeconomic shocks. In particular, it examines the European Council, Council of Ministers, European Commission, European Parliament and the European Central Bank. This book provides an invaluable critique of the EMU plan and will be of interest to scholars of European economics, macroeconomics and public choice.

Author : Helmut Bujard
Publisher : Unknown
Page : 22 pages
File Size : 49,8 Mb
Release : 1998
Category : Electronic
ISBN : 073401550X

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˜Theœ European Economic and Monetary Union by Helmut Bujard Pdf

Author : Soren Zibrandt von Dosenrode-Lynge
Publisher : Routledge
Page : 276 pages
File Size : 53,9 Mb
Release : 2018-02-06
Category : Social Science
ISBN : 9781351746328

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Political Aspects of the Economic Monetary Union by Soren Zibrandt von Dosenrode-Lynge Pdf

This title was first published in 2002: Concentrating on the myriad political aspects of European Monetary Union (EMU), this volume places the EMU and the European Union (EU) in a global context. It should be useful for scholars and students of European studies, economics, modern history and international relations. Libraries and embassies should also find it a valuable reference tool.