Urging the reader to examine conventional ideas from new viewpoints, the author discusses the events which led to the EMU, analysing the current situation, and projecting possible futures.
In this book, the author presents fresh perspectives on the theories surrounding European Monetary Union. Urging the reader to examine conventional ideas from new viewpoints, he discusses the events which led to EMU, analyses the current situation, and projects possible futures.Essential reading for academics and professionals concerned with the background and implications of EMU, this book will also be of considerable interest to scholars in the fields of European studies, monetary economics, international economics and economic history.
Table of Contents
List of illustrations vi
Why stable money matters or `the loss of 1 (26)
After Bretton Woods: the world of bloc 27 (28)
International consequences of bloc floating 55 (20)
The instability of the block floating regime 75 (18)
A fresh look at Optimum currency Area theory 93 (20)
Is EMU Sustainable? 113 (16)
Sustaining price stability 129 (14)
Monetary policy and structural unemployment 143 (52)
Notes 195 (16)
Bibliography 211 (15)