Eurobondage : the political costs of European monetary union / Jonathon W. Moses.

Format:

Book

Author/Creator:

Moses, Jonathon Wayne, 1962- author.

Series:

ECPR monographs

ECPR Press series. Monographs.

Language:

English

Subjects (All):

Euro.

Monetary unions--European Union countries.

Monetary unions.

European Union countries.

Monetary policy--European Union countries.

Monetary policy.

Physical Description:

xx, 217 pages : illustrations, charts ; 25 cm.

Place of Publication:

Colchester : ECPR Press, 2017.

Summary:

In his persuasive new book, Jonathon Moses examines how the monetary policies of Iceland, Latvia, Hungary and Ireland responded to the financial crisis. Contrary to popular perception, he finds that the monetary autonomy of small non-eurozone states (Iceland, Hungary) helped prioritise the needs of domestic constituents over those of international markets. Eurozone members Latvia and Ireland, by contrast, prioritised the long-term needs of international lenders and European institutions, at the short-term expense of their own citizens. Showing clearly how monetary policy autonomy still helps cushion economic shocks, Eurobondage documents the major sacrifices that eurozone states have made in joining a suboptimum currency area. These are the political costs of monetary union in Europe.--Provided by Publisher.

Contents:

Machine generated contents note: ch. One Bound to the Mast

ch. Two The Political Costs of Monetary Union

ch. Three Debt and Distribution

ch. Four Iceland

ch. Five Ireland

ch. Six Latvia

ch. Seven Hungary

ch. Eight Conclusion.

Notes:

Includes bibliographical references (pages 185-203) and index.

ISBN:

1785522566

9781785522567

9781785521768

1785521764

OCLC:

1000143997

Publisher Number:

99986230181