Europes Unfinished Currency

Author : Thomas Mayer
Publisher : Anthem Press
Page : 273 pages
File Size : 44,7 Mb
Release : 2012-10-01
Category : Business & Economics
ISBN : 9780857285546

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Europes Unfinished Currency by Thomas Mayer Pdf

The euro was originally seen as another stepping stone to a politically unified Europe. Yet with the fall of the Berlin Wall, the disintegration of the Soviet Union and the unification of Germany, the need for European political union as a means to ensure peace in Europe disappeared. Due to the fading will for full political union, the euro project lost the prospect of a stable platform in the foreseeable future. As a result, the euro crisis forces policymakers to develop a new architecture for EMU. ‘Europe’s Unfinished Currency’ proposes that this can only be done by way of a currency union of sovereign states, which in itself is a unique historical experiment as no such union has ever survived to date. This volume offers ideas of how the EMU could potentially work, and sketches scenarios of how things might evolve in case of failure. Key Insights: *Outlines the origins of the euro within the quest for the unification of Europe. *Explains the historical failures of past monetary unions, including the Latin and Scandinavian currency unions, the US dollar standard and the Austro-Hungarian union. *Posits that the European Central Bank in cooperation with a European Monetary Fund should act as the lender of last resort to all systemically important borrowers, including governments, to safeguard price stability. *Proposes a new EMU architecture, which includes the creation of a European Monetary Fund. *Discusses possible mutations of the EMU in case of failure.

Author : Thomas Mayer
Publisher : Anthem European Studies, Anthe
Page : 0 pages
File Size : 52,6 Mb
Release : 2012
Category : Business & Economics
ISBN : 0857285483

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Europe's Unfinished Currency by Thomas Mayer Pdf

For more information please see the book website: http: //europesunfinishedcurrency.anthempressblog.com The euro was originally seen as another stepping stone to a politically unified Europe. Yet with the fall of the Berlin Wall, the disintegration of the Soviet Union and the unification of Germany, the need for European political union as a means to ensure peace in Europe disappeared. Due to the fading will for full political union, the euro project lost the prospect of a stable platform in the foreseeable future. As a result, the euro crisis forces policymakers to develop a new architecture for EMU. 'Europe's Unfinished Currency' proposes that this can only be done by way of a currency union of sovereign states, which in itself is a unique historical experiment as no such union has ever survived to date. This volume offers ideas of how the EMU could potentially work, and sketches scenarios of how things might evolve in case of failure. Key Insights: *Outlines the origins of the euro within the quest for the unification of Europe. *Explains the historical failures of past monetary unions, including the Latin and Scandinavian currency unions, the US dollar standard and the Austro-Hungarian union. *Posits that the European Central Bank in cooperation with a European Monetary Fund should act as the lender of last resort to all systemically important borrowers, including governments, to safeguard price stability. *Proposes a new EMU architecture, which includes the creation of a European Monetary Fund. *Discusses possible mutations of the EMU in case of failure.

Author : Anonim
Publisher : Unknown
Page : 24 pages
File Size : 40,5 Mb
Release : 2009
Category : Euro
ISBN : UCSD:31822036280428

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One Currency for One Europe by Anonim Pdf

Author : Anonim
Publisher : Peterson Institute
Page : 237 pages
File Size : 55,9 Mb
Release : 2009
Category : Electronic
ISBN : 9780881325584

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The Euro at Ten: The Next Global Currency by Anonim Pdf

Author : Michele Fratianni,T. Peeters
Publisher : Springer
Page : 229 pages
File Size : 47,5 Mb
Release : 1978-06-17
Category : Business & Economics
ISBN : 9781349043088

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One Money for Europe by Michele Fratianni,T. Peeters Pdf

Author : Daniel Gros,Niels Thygesen
Publisher : Longman Publishing Group
Page : 592 pages
File Size : 55,9 Mb
Release : 1998
Category : Business & Economics
ISBN : STANFORD:36105110117947

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European Monetary Integration by Daniel Gros,Niels Thygesen Pdf

This text provides an unrivalled account of the history, theory and practice of monetary integration in Europe.

Author : Malcolm Crawford
Publisher : Springer
Page : 390 pages
File Size : 46,6 Mb
Release : 2016-07-27
Category : Business & Economics
ISBN : 9781349250356

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One Money for Europe? by Malcolm Crawford Pdf

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 : David Marsh
Publisher : Yale University Press
Page : 632 pages
File Size : 51,6 Mb
Release : 2011-08-23
Category : Business & Economics
ISBN : 9780300173901

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The Euro by David Marsh Pdf

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

Author : Giovanni Magnifico
Publisher : Springer
Page : 244 pages
File Size : 40,7 Mb
Release : 1973-06-18
Category : Business & Economics
ISBN : 9781349018123

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European Monetary Unification by Giovanni Magnifico Pdf

Author : Harold James
Publisher : Harvard University Press
Page : 324 pages
File Size : 53,7 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 : Robert Triffin
Publisher : Unknown
Page : 392 pages
File Size : 51,7 Mb
Release : 1957
Category : Currency question
ISBN : UOM:49015001125047

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Europe and the Money Muddle by Robert Triffin Pdf

An over-all analysis of western Europe's monetary policies.

Author : Christian N. Chabot
Publisher : McGraw-Hill Companies
Page : 216 pages
File Size : 43,5 Mb
Release : 1999
Category : Business & Economics
ISBN : STANFORD:36105023111268

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Understanding the Euro by Christian N. Chabot Pdf

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.

Author : Paul de Grauwe
Publisher : Oxford University Press, USA
Page : 216 pages
File Size : 47,9 Mb
Release : 1992
Category : Business & Economics
ISBN : STANFORD:36105000087549

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The Economics of Monetary Integration by Paul de Grauwe Pdf

"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

Author : Jacques van Ypersele,Jean-Claude Koeune
Publisher : Unknown
Page : 152 pages
File Size : 53,8 Mb
Release : 1985
Category : Foreign exchange
ISBN : UCSC:32106005568354

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The European Monetary System by Jacques van Ypersele,Jean-Claude Koeune Pdf

Recoge: 1. International motives for the EEC iniative - 2. The EBB and flow of european monetary integration - 3. The EMS and the conditions for its proper operation - 4. Five years with EMS - 5. The furure of EMS.

Author : Tommaso Padoa-Schioppa
Publisher : Oxford University Press, USA
Page : 304 pages
File Size : 41,6 Mb
Release : 1994
Category : Business & Economics
ISBN : STANFORD:36105009771275

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The Road to Monetary Union in Europe by Tommaso Padoa-Schioppa Pdf

The move toward economic and monetary union is the most important issue facing the European nations today. The author assesses the opportunities and risks involved in the unification, and provides a guide to the complex issues and tangled recent history