The Euro

Why it Failed

Authors: Jespersen, Jesper

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  • Promotes a heterodox view on European financial co-operation
    Discusses the introduction and consequences of the Euro from a macroeconomic perspective
    Presents policy recommendations for the future of the Eurozone

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  • ISBN 978-3-319-46388-9
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Hardcover £49.99
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  • ISBN 978-3-319-46387-2
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Softcover £49.99
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  • ISBN 978-3-319-83508-2
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About this book

This book takes a close look at macroeconomic imbalances within the Eurozone and explores the profound consequences the introduction of the European Monetary Union (EMU) has had on Euro area countries. Particular attention is given to balance of payments deficits and surpluses, and the profound difficulties of rebalancing the Euro area. Throughout the chapters, the author argues that the EMU has failed to support an optimal currency area with the correct institutional arrangements due to misunderstandings at a macroeconomic level. The author also sheds light on the stability pact and the resulting macroeconomic trap which has left a number of Eurozone countries with devastatingly high rates of unemployment. The book argues that by disregarding important macroeconomic imbalances, Euro-monetarists have derailed the entire Eurozone project to such an extent that it is at risk of falling apart. Key chapters discuss the establishment of the EMU from a Euro-realist perspective and the role of the European Central Bank in rebalancing financial markets. The concluding chapter looks ahead to the future of the Euro and proposes necessary institutional solutions to the macroeconomic problems it is currently facing. Scholars and students with an interest in the current economic disarray within the Eurozone will find this work thought-provoking and highly informative.

About the authors

Jesper Jespersen is Professor of Economics at Roskilde University, Denmark.  He holds a PhD in International Economics from the European University Institute, Florence, Italy. Further, he has been a visiting professor at the University of Burgundy, France, and a research fellow at Churchill College, Cambridge, UK. He is the author of Macroeconomic Methodology (2009), and co-editor of Keynes’s General Theory for Today (2012) and Teaching Post Keynesian Economics (2013).

Table of contents (8 chapters)

Table of contents (8 chapters)

Buy this book

eBook £39.99
price for United Kingdom (gross)
  • ISBN 978-3-319-46388-9
  • Digitally watermarked, DRM-free
  • Included format: EPUB, PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover £49.99
price for United Kingdom (gross)
  • ISBN 978-3-319-46387-2
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover £49.99
price for United Kingdom (gross)
  • ISBN 978-3-319-83508-2
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
The Euro
Book Subtitle
Why it Failed
Authors
Copyright
2016
Publisher
Palgrave Macmillan
Copyright Holder
The Editor(s) (if applicable) and The Author(s)
eBook ISBN
978-3-319-46388-9
DOI
10.1007/978-3-319-46388-9
Hardcover ISBN
978-3-319-46387-2
Softcover ISBN
978-3-319-83508-2
Edition Number
1
Number of Pages
XIII, 133
Number of Illustrations
8 b/w illustrations, 12 illustrations in colour
Topics