Unions, central banks, and EMU : labour market institutions and monetary integration in Europe / Bob Hancke.

Format:

Book

Author/Creator:

Hancké, Bob.

Language:

English

Subjects (All):

Monetary unions.

Monetary policy--Europe.

Monetary policy.

Physical Description:

1 online resource (147 p.)

Edition:

1st ed.

Place of Publication:

Oxford : Oxford University Press, c2013.

Language Note:

English

Summary:

This title examines the crisis of EMU through the lenses of comparative political economy. It retraces the development of wage-setting systems in the core and peripheral EMU member states, and how these contributed to the increasing divergence between creditor and debtor states in the late 2000s.

Contents:

Cover; Contents; List of Figures; List of Tables; 1. Understanding EMU: The Role of Labour Market Institutions; 1.1. The Puzzle of EMU; 1.2. Understanding the Crisis of EMU; 1.3. Bringing Labour Markets Back In; 1.4. The Argument in Brief; 2. The Other Road to Maastricht: Currency Blocs, Wage Moderation, and Social Conflict; 2.1. The Big Shift: Labour Unions and Central Banks; 2.2. Constructing the Deutschmark-Bloc; 2.3. The Maastricht Treaty and Social Pacts; 2.4. Central Banks and Labour Unions at the Threshold of EMU

3. The Perils of Coordination: Wages and Labour Relations from the European Monetary System to EMU3.1. National Labour Relations in a Single Currency Union; 3.2. The Elusive Quest for International Wage Coordination; 3.3. Central Wage Determination and Decentralized Labour Relations; 4. Diversity without Unity: Labour Unions and Wage Setting in EMU; 4.1. Labour Unions in a Monetary Union; 4.2. Trade Unions in Exposed and Sheltered Sectors; 4.3. Wage Shadowing, Competitiveness, and Dual Europe

5. The Perverse Effects of Beneficial Constraints: Labour Market Institutions and Economic Performance in Europe5.1. Labour Market Institutions and Economic Performance; 5.2. Aggregate Demand Regimes and Different Economic Growth Models; 5.3. Wage-Setting and Comparative Advantage; 5.4. Wages, Real Exchange Rates, and Current Accounts; 6. The Missing Link: Labour, Inflation, and EMU; 6.1. Monetary Integration in Europe: New and Unanswered Questions; 6.2. The Future of EMU: Dark Linings in Dark Clouds; Bibliography; Index; A; B; C; D; E; F; G; I; L; M; N; O; P; R; S; U; W

Notes:

Description based upon print version of record.

Includes bibliographical references and index.

Description based on online resource; title from home page (viewed on June 26, 2013).

Description based on publisher supplied metadata and other sources.

ISBN:

0-19-163820-X

OCLC:

841234254