Political and Economic Consequences of Economic and Monetary Union PDF Download

Author: Amy Verdun
Publisher:
ISBN: 9781600219085
Category : Euro area
Languages : en
Pages : 0

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Book Description
With the creation of Economic and Monetary Union (EMU) in the European Union (EU), now eight years ago, it is time to start to look back and reflect on the time that has passed and the challenges and opportunities that lie ahead. Created on 1 January 1999 with banknotes and coins introduced into the marketplace on 1st of January 2002 EMU has been heralded by many as an unprecedented success of economic and monetary integration. Many have focused on the sheer size of the project: twelve European Union member states introduced banknotes and coins in 2002 as legal tender replacing their previous national currencies, many of which had been around for centuries. As of 1st of January 2007 Slovenia is the newest country to join. Another remarkable feat was the fact that a new European Central Bank (ECB) was created to formulate a single monetary policy for the eurozone. At the same time EMU leaves responsibility for budgetary and fiscal policies to national governments who still decide the level of expenditure and of

Author: Amy Verdun
Publisher:
ISBN:
Category :
Languages : en
Pages : 213

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Book Description

Author: Petri Minkkinen
Publisher: Springer Science & Business Media
ISBN: 1461560853
Category : Business & Economics
Languages : en
Pages : 252

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Book Description
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: Soren Zibrandt von Dosenrode-Lynge
Publisher: Routledge
ISBN: 1351746324
Category : Social Science
Languages : en
Pages : 276

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Book Description
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: Francesco Giordano
Publisher: Routledge
ISBN: 1136224165
Category : Business & Economics
Languages : en
Pages : 218

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Book Description
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
ISBN: 0429962924
Category : Political Science
Languages : en
Pages : 225

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Book Description
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: Francisco S. Torres
Publisher: Nomos Verlagsgesellschaft
ISBN:
Category : Business & Economics
Languages : en
Pages : 338

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Book Description
This text explores issues of economic and political governance in the European Monetary Union (EMU). Combining the perspectives of economics, law, political science, and historical research, the book provides an up-to-date analysis of the development of the Eurozone and assesses the prospects for the economic and political sustainability of the euro. Based on the revised proceedings of the First Alumni Conference of the European University Institute, Florence, in 2003, the contributors discuss the problem of democratic governance and an alleged democratic deficit in the Eurozone in the wake of the failure of the EU Constitutional Treaty. A further focus is the future of macro-economic cooperation in the framework of the recently reformed Stability and Growth Pact. Will the Eurozone members be able to harmonize their policies so as to avoid a progressive weakening of economic coordination? The third part of the volume deals with the role of the euro as international currency - in particular with regard to the dollar - and as regional anchor for countries in geographical proximity to the EU.

Author: Paul De Grauwe
Publisher: Oxford University Press, USA
ISBN: 0198849540
Category :
Languages : en
Pages : 302

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Book Description
The thirteenth edition of this market-leading textbook provides an authoritative and concise analysis of the theories and policies relating to monetary union in which the author helps students to critically think about the sustainability of the Eurozone. Part One examines the implications of adopting a common currency by analysing Europe's experience and the issues faced by the European Central Bank. Part Two of the book looks at the problems of running a monetary union by analysing Europe's experience and the issues faced by the European Central Bank. Each chapter ends with a conclusion recapping the core issues, and a set of questions, which encourages students to test their knowledge and stretch their understanding further. This book is accompanied by the following online resources: For students: - Links to data sources - Essay questions - Web links - Paul De Grauwe on Twitter For Lecturers: - PowerPoint slides - Instructor's manual

Author: Klaus Gretschmann
Publisher: Martinus Nijhoff Publishers
ISBN: 9004637923
Category : Law
Languages : en
Pages : 298

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Book Description
The Heads of State and Government at the European Council meeting in Maastricht definitely decided to embark upon the creation of Economic and Monetary Union by, at the latest, the beginning of 1999, and in doing so opted for a relatively short but difficult journey that should bring the European Community all the benefits one could expect from such an undertaking. However, the question still remains of how Economic and Monetary Union will really affect the day-to-day policymaking of the national civil servants involved, particularly in the areas of monetary and fiscal policies. Can national policymakers adopt a `sit-and-wait' policy or does Economic and Monetary Union really entail a dangerous voyage between Scylla and Charybdis? Will Economic and Monetary Union undermine the sovereignty of national governments because the Maastricht Treaty will give the EC the competence to dictate its own will? Are the benefits of Economic and Monetary Union for the Member States really as great as expected? These and other issues are assessed in this book which, after an assessment of the achievements of the Maastricht European Council, will cover the main implications of a European monetary policy and closer economic cooperation for the relevant policies of the Member States, the division of the competences between Community and member countries and the forthcoming prospects for new EC policies (e.g. regional policy, the EC budget, fiscal union, etc.)

Author: A. Watson
Publisher: Springer
ISBN: 023037431X
Category : Political Science
Languages : en
Pages : 237

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Book Description
This book provides a thorough knowledge of the nature of the convergence criteria which states must meet in order to qualify for accession to the future Economic and Monetary Union of Europe and comprehensive coverage of both the economic and political rationale of the criteria within the framework of an international political economy approach. Thus, throughout the course of the analysis, three questions in particular are addressed: first, what is the relationship between the economics and politics of the convergence criteria; second, how do domestic and international factors impact upon their future realisation; and third what, overall, is the role of the state. This book gives valuable insights into the Economic and Monetary Union debate.