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Monetary Integration in Europe
 
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Monetary Integration in Europe
 
 
Palgrave Macmillan
 
 
 
 
 
 
23 Oct 2007
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£83.00
|Hardback Print on Demand
  
9780230018884
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DescriptionContentsAuthors

This book depicts the European Economic and Monetary Union against the historical background of different monetary regimes and pays special attention to the economic debate which accompanied the evolution of this currency area. The debate is still going on as to whether the European Economic and Monetary Union can survive as an institution providing the highest degree of monetary integration - a single monetary policy - for a group of member countries with divergent economic performance. The analysis of this question points at the need for new forms of economic policy coordinaton.

This book explores the problems of policy coordination that arise within a monetary union and provides an overview of the basic issues and current controversial debates. The book is an excellent resource for academics with an interest in the European Economic and Monetary Union, and in economic policy coordination within Europe.


Description

This book depicts the European Economic and Monetary Union against the historical background of different monetary regimes and pays special attention to the economic debate which accompanied the evolution of this currency area. The debate is still going on as to whether the European Economic and Monetary Union can survive as an institution providing the highest degree of monetary integration - a single monetary policy - for a group of member countries with divergent economic performance. The analysis of this question points at the need for new forms of economic policy coordinaton.

This book explores the problems of policy coordination that arise within a monetary union and provides an overview of the basic issues and current controversial debates. The book is an excellent resource for academics with an interest in the European Economic and Monetary Union, and in economic policy coordination within Europe.


Contents

The History of Monetary Integration in Europe
Theory of Optimum Currency Areas
The Economic and Monetary Union: Institutions and Credibility
The Monetary Policy Strategy of EMU
Fiscal Policy Coordination and the Stability and Growth Pact
The EMU and the Wage Bargain
Real Convergence in a Monetary Union
The New European Monetary System


Authors

HORST TOMANN is Jean Monnet Professor for European Economic Policy at the Economics Department, Freie University of Berlin, Germany. He received his academic education at the Universities of Cologne and the Saarland, and was a staff member at the German Council of Economic Experts. He has had several appointments as Visiting Professor, among others at the University of Pennsylvania (Wharton School) and the University of Birmingham. His main research field is applied economics with a special focus on the economics of European integration. He is the co-editor of Palgrave Macmillan's book series Studies in Economic Transition.