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Full Description
Taking a broad, interdisciplinary approach, Malcolm Levitt and Christopher Lord provide a systematic assessment of the inextricably linked politics and economics of monetary union. The authors first look at the historical and conceptual background and the evolution of thinking on the single currency from the Maastricht model, through the decisions on membership and establishment of the Central Bank, to the introduction of the Euro. They then proceed to assess the organizational and policy implications of EMU and its significance within the general processes of European integration.
Contents
Introduction What is Monetary Union? Conceiving Monetary Union, 1957-88 The Bargaining of Monetary Union, 1988-91 The Politics of the Transition, 1991-98 The Economics of the Maastricht Treaty The Economics of the Transition, 1991-98 Implications for Monetary Policy Implications for Fiscal Policy The Euro as a Global Currency EMU and the Single Market for Financial Services The European Central Bank The Commission-Council Tandem under Monetary Union Representation and Accountability under Monetary Union The Place of Monetary Union in European Integration