The Politics Of Economic And Monetary Union

Author : Petri Minkkinen,Heikki Patomäki
Publisher : Springer Science & Business Media
Page : 252 pages
File Size : 44,9 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9781461560852

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The Politics of Economic and Monetary Union by Petri Minkkinen,Heikki Patomäki Pdf

If the plans concerning EMU will be realised, by 2002 national currencies will be replaced by the Euro and national central banks will be partially replaced by the European Central Bank. The Politics of Economic and Monetary Union starts with the argument that EMU is more a political than an economic project. It develops this theme by addressing five different questions. First, precisely what is the general role of EMU in the globalising political economy? Second, how EMU will change the power relations and the relationship between `political' and `economic'? Third, what effects will EMU have on generally accepted values - including for example efficiency, self-determination, and democracy? Fourth, how does the EMU-related politics of symbols - including money - take part in constructing political identities? And last, but certainly not least, what effects EMU will have on the social and political dimension of the Union and thus also on its legitimacy? The politics of EMU includes many dimensions. The book tries to explain the hegemony of the neoliberal and German vision of Europe in the context of recent development in the global political economy. It assesses the consequences of this hegemony and the possibility for alternatives from a variety of perspectives. In many chapters, it is also argued that the legitimation problems of the Union may turn into an acute crisis also because of EMU. We should expect an actualised crisis to lead to a transformation of the Union.

Author : David Howarth,Amy Verdun
Publisher : Routledge
Page : 0 pages
File Size : 49,8 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 : Soren Zibrandt von Dosenrode-Lynge
Publisher : Routledge
Page : 276 pages
File Size : 40,6 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.

Author : Erik Jones
Publisher : Rowman & Littlefield Publishers
Page : 236 pages
File Size : 54,7 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 : Juan E. Castañeda,Alessandro Roselli,Geoffrey E. Wood
Publisher : Routledge
Page : 271 pages
File Size : 53,9 Mb
Release : 2020-03-16
Category : Business & Economics
ISBN : 9781000036794

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The Economics of Monetary Unions by Juan E. Castañeda,Alessandro Roselli,Geoffrey E. Wood Pdf

In this book, a historical analysis of the precedents of the euro is examined within the context of the current issues affecting the Eurozone and the long-term effects of the institutional changes implemented since 2010. The book begins by placing the Eurozone challenges in the historical context of previous monetary unions, drawing on the experience of the gold standard. It then specifically focuses on the problems arising from the running of permanent trade imbalances within the Eurozone. The authors explore the advantages and disadvantages of being a member of the Eurozone and attempt to measure the optimality of a currency area by the calculation of an index on internal macroeconomic asymmetries. They address the proposals recently made in favour of a fiscal union in the Euro zone; including the economic and political feasibility of fiscal transfers in the Eurozone. The final two papers discuss whether the monetary union is in fact more than just that, and whether it will lead inevitably to some form of political union if it is to survive. With chapters by leading experts from both Europe and the UK, this book will appeal to students in Economics, Finance, Politics, EU integration and European studies; as well as academics and professional economists doing research in EU integration, the Euro zone, monetary history and monetary and banking unions in Europe, the UK and elsewhere.

Author : W. Bonefeld
Publisher : Springer
Page : 209 pages
File Size : 47,6 Mb
Release : 2001-03-23
Category : Political Science
ISBN : 9780333981290

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The Politics of Europe by W. Bonefeld Pdf

Assessments of the politics of European integration in general, and monetary union in particular, are many. In fact, the study of the European Union has become an academic growth industry. This book contributes to the debate a specific theoretical focus and practical perspective. The volume provides a critique of the political economy of European integration and its unique focus and scholarly analysis make it an indispensable contribution to a renewal of the Marxist critique of European integration.

Author : Menelaos Markakis
Publisher : Oxford University Press, USA
Page : 417 pages
File Size : 55,7 Mb
Release : 2020-04-02
Category : Law
ISBN : 9780198845263

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Accountability in the Economic and Monetary Union by Menelaos Markakis Pdf

Following the financial and public debt crisis, the EU's Economic and Monetary Union (EMU) has been under intense political scrutiny. The measures adopted in response to the crisis have granted additional powers to the EU (and national) authorities, the exercise of which can have massive implications for the economies of the Member States, financial institutions and, of course, citizens. The following questions arise: how can we hold accountable those institutions that are exercising power at the national and EU level? What is the appropriate level, type and degree of accountability and transparency that should be involved in the development of the EU's governance structures in the areas of fiscal and economic governance and the Banking Union? What is the role of parliaments and courts in holding those institutions accountable for the exercise of their duties? Is the revised EMU framework democratically legitimate? How can we bridge the gap between the citizens - and the institutions that represent them - and those institutions that are making these important decisions in the field of economic and monetary policy? This book principally examines the mechanisms for political and legal accountability in the EMU and the Banking Union. It examines the implications that the reforms of EU economic governance have had for the locus and strength of executive power in the Union, as well as the role of parliaments (and other political fora) and courts in holding the institutions acting in this area accountable for the exercise of their tasks. It further sets out several proposals regarding transparency, accountability, and legitimacy in the EMU.

Author : Francesco Giordano,Sharda Persaud
Publisher : Routledge
Page : 218 pages
File Size : 47,5 Mb
Release : 2013-10-18
Category : Business & Economics
ISBN : 9781136224164

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The Political Economy of Monetary Union by Francesco Giordano,Sharda Persaud Pdf

This book places the whole issue of monetary union in its wider political economic context. The authors discuss: * the effect of EMU on fiscal and monetary policies * Central bank independence * the impact of EMU on unemployment * ERM II * international perspectives. Drawing on their experience in the European financial markets, the authors use a non-technical approach to discuss these issues - both in a general european sense and more specifically, Germany, the UK and Italy.

Author : Barry Eichengreen
Publisher : Routledge
Page : 225 pages
File Size : 52,7 Mb
Release : 2018-03-08
Category : Political Science
ISBN : 9780429962929

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The Political Economy Of European Monetary Unification by Barry Eichengreen Pdf

The first edition of this book was published in 1994, as the future of monetary unification in Europe was very much in doubt. With Economic and Monetary Union now in place, it is appropriate to bring the scholarship on the topic up to date for the students of international political economics. To this effect, essayists Jeffry Frieden, Geoffrey Garrett, Lisa L. Martin, Benjamin J. Cohen revised four of the original chapters to reflect new conditions. Editors, Barry Eichengreen and Frieden completely rewrote the introductory essay. Three new chapters by Matthew Gabel, Charles Engel, and Paul De Grauwe et al cover public support for EMU, local currency pricing, and whether Europe is now better off? The updated volume's purpose remains that of bringing the latest in scholarship in Economics and Political Science to bear on the European monetary integration

Author : Loukas Tsoukalis
Publisher : Routledge
Page : 188 pages
File Size : 48,5 Mb
Release : 2017-04-21
Category : Business & Economics
ISBN : 9781351743860

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The Politics and Economics of European Monetary Integration by Loukas Tsoukalis Pdf

The object of this work, first published in 1977, is to examine the history of the economic and monetary union (EMU) in the European Community, the policies of the parties involved and the conflicts of interest created in the political and economic environment within which all this has taken place. This title will be of interest to students of monetary economics and finance.

Author : Sören Zibrandt von Dosenrode-Lynge
Publisher : Unknown
Page : 128 pages
File Size : 45,7 Mb
Release : 2018
Category : Democracy
ISBN : 1315189518

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Political Aspects of the Economic and Monetary Union by Sören 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."--Provided by publisher.

Author : Kathleen R. McNamara
Publisher : Cornell University Press
Page : 211 pages
File Size : 46,5 Mb
Release : 2019-06-30
Category : Political Science
ISBN : 9781501711930

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The Currency of Ideas by Kathleen R. McNamara Pdf

Why have the states of Europe agreed to create an Economic and Monetary Union (EMU) and a single European currency? What will decide the fate of this bold project? This book explains why monetary integration has deepened in Europe from the Bretton Woods era to the present day. McNamara argues that the development of a neoliberal economic policy consensus among European leaders in the years after the first oil crisis was crucial to stability in the European Monetary System and progress towards EMU. She identifies two factors, rising capital mobility and changing ideas about the government's proper role in monetary policymaking, as critical to the neoliberal consensus but warns that unresolved social tensions in this consensus may provoke a political backlash against EMU and its neoliberal reforms.McNamara's findings are relevant not only to European monetary integration, but to more general questions about the effects of international capital flows on states. Although this book delineates a range of constraints created by economic interdependence, McNamara rejects the notion that international market forces simply dictate government policy choice. She demonstrates that the process of neoliberal policy change is a historically dependent one, shaped by policymakers' shared beliefs and interpretations of their experiences in the global economy.

Author : Petri Minkkinen
Publisher : Unknown
Page : 78 pages
File Size : 43,5 Mb
Release : 1996
Category : Electronic
ISBN : OCLC:163631457

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The Politics of Economic and Monetary Union by Petri Minkkinen Pdf

Author : Kenneth Dyson,Kenneth H. F. Dyson,Kevin Featherstone
Publisher : Oxford University Press
Page : 884 pages
File Size : 47,5 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 : Paul de Grauwe
Publisher : Edward Elgar Publishing
Page : 672 pages
File Size : 44,5 Mb
Release : 2001
Category : Business & Economics
ISBN : STANFORD:36105025325486

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The Political Economy of Monetary Union by Paul de Grauwe Pdf

This collection brings together both classic articles which have laid the foundations for the theory of optimum currency and the resulting empirical literature. Articles are presented in sections on the theory of optimum currency areas, empirical analysis of optimum currency areas, fiscal policies in a monetary union, the central bank in a monetary union, and issues of transition to monetary union. Most articles were originally published in the 1990s. The editor teaches international economics at the University of Leuven, Belgium. c. Book News Inc.