EMU in perspective : understanding monetary union / Deborah Owen and Peter Cole.

Format:

Book

Author/Creator:

Owen, Deborah.

Contributor:

Cole, Peter.

Language:

English

Subjects (All):

Economic and Monetary Union.

Monetary unions--European Union countries.

Monetary unions.

European Union countries.

Monetary policy--European Union countries.

Monetary policy.

Physical Description:

xvi, 191 pages : illustrations ; 24 cm

Other Title:

E.M.U. in perspective

Place of Publication:

[Harlow?] : Financial Times/Prentice Hall, 1999.

Summary:

In this book we explore the real dynamics of monetary union. EMU in Perspective is not a checklist for euro preparedness; it aims to provide a deeper insight and understanding into this vast economic experiment and an analysis of the political forces shaping the single currency. This, we hope, will enable the reader to evaluate how it is progressing and hence reach better informed decisions.

The path towards monetary union has been a long and extremely winding one, with many a setback along the way, but if we understand where it has come from, we will be better placed to understand where it is going.

Contents:

Part 1 Political perspective

1 France and Germany: the struggle for political supremacy 3

2 Europe's search for a new order 11

3 The road to the Treaty of Rome 17

4 Development of the European Monetary System 25

5 Fresh impetus towards economic and monetary union 33

6 Political factors resurface 41

Part 2 Historical perspective

7 Historical perspective 47

Part 3 Economic perspective

8 The basic criteria for an optimum currency area 65

9 The shifting economic landscape 79

10 Overall evaluation 91

Part 4 Monetary and fiscal policy under EMU

11 Monetary policy 97

12 Fiscal policy 107

Part 5 Implementing EMU

13 The euro bloc as an optimum currency area 123

14 Country-by-country analysis 139

15 Prospective EMU entrants 165.

Notes:

Includes bibliographical references (pages 183-186) and index.

ISBN:

0273633023

OCLC:

41431449