Screen LibraryThe road to monetary union /
"The Road to Monetary Union analyses in non-technical language the process leading to adoption of a common currency for the European Union. The monetary union process involved different issues at different times and the contemporary global background mattered. The Element explains why monetary...
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| Main Authors: | |
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| Published: |
Cambridge University Press,
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| Publisher Address: | Cambridge, United Kingdom : |
| Publication Dates: | 2021. |
| Literature type: | Book |
| Language: | English |
| Series: |
Cambridge elements. Elements in economics of European integration,
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| Subjects: | |
| Summary: |
"The Road to Monetary Union analyses in non-technical language the process leading to adoption of a common currency for the European Union. The monetary union process involved different issues at different times and the contemporary global background mattered. The Element explains why monetary union was attempted and failed in the 1970s, and why the process was restarted in 1979, accelerated after 1992 and completed for a core group of EU members in 1999. It analyzes connections between eurozone membership and Greece's sovereign debt crisis. It concludes with analysis of how the eurozone works today and with discussion of its prospects for the 2020s. The approach is primarily economic, while acknowledging the role of politics (timing) and history (path dependence). A theme is to challenge simplistic ideas (e.g. that the euro has failed) with fuller analysis of competing pressures to shape the nature of monetary union." -- |
| Carrier Form: | vii, 50 pages : illustrations, map, forms ; 23 cm. |
| Bibliography: | Includes bibliographical references (pages [46]-50). |
| ISBN: |
9781108965477 1108965474 9781108966269 1108966268 |
| Index Number: | HG925 |
| CLC: | F825.01 |
| Call Number: | F825.01/P786 |
| Contents: | Theories -- The Werner Report and the snake -- The European monetary system -- The Maastricht treaty and creation of the Euro -- The Euro expanding -- The sovereign debt crisis and its aftermath. |