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Monetary Integration in Europe

The European Monetary Union after the Financial Crisis

Palgrave Macmillan

Authors:

  • A second edition of Money Integration in Europe with a new focus on the European Monetary Union crisis
  • Addresses the burden of public debt
  • Assesses the reform options for the EMU

Part of the book series: Studies in Economic Transition (SET)

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Table of contents (12 chapters)

  1. Front Matter

    Pages i-xvii
  2. The Functioning of the Monetary Union

    1. Front Matter

      Pages 19-19
    2. Theory of Optimum Currency Areas

      • Horst Tomann
      Pages 21-35
    3. Conventional Monetary Policy of the ECB

      • Horst Tomann
      Pages 55-79
    4. The EMU and the Wage Bargain

      • Horst Tomann
      Pages 105-132
  3. Responses to the Financial Crisis

    1. Front Matter

      Pages 133-133
    2. The Banking Union and Financial Stability

      • Horst Tomann
      Pages 167-179
  4. Long-term Issues

    1. Front Matter

      Pages 181-181
    2. Real Convergence in a Monetary Union

      • Horst Tomann
      Pages 183-196
    3. The New European Monetary System

      • Horst Tomann
      Pages 197-212
    4. The Debate on Reform Options

      • Horst Tomann
      Pages 213-230
  5. Back Matter

    Pages 231-246

About this book

This book provides a fully revised and up-to-date analysis of the Economic and Monetary Union (EMU). With four entirely new chapters on responses to the financial crisis and the debate on reform options, Tomann assesses the EMU in comparison with other currency regimes through the adoption of a historical analysis. The book discusses in detail basic issues with currency and comprehensively analyzes monetary policy, highlighting problems of policy coordination. Tomann explores new monetary institutions that have been established in response to the financial crisis, before addressing long-term issues and reviewing reform proposals. By focusing on monetary issues the book offers a better understanding of macroeconomic policies and international policy cooperation, and, by extension, provides a thorough economic assessment of the EMU as an institution as it stands today.

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Authors and Affiliations

  • Department of Economics, Freie Universitaet (FU) Berlin, Berlin, Germany

    Horst Tomann

About the author

Horst Tomann is Professor Emeritus at Freie University Berlin, Germany. He previously held the Jean Monnet Professorship for European Economic Policy at Freie University 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), USA, and the University of Birmingham, UK. He is the co-editor of Palgrave Macmillan’s book series Studies in Economic Transition, and the Palgrave Dictionary of Emerging Markets and Transition Economics, both alongside Jens Hӧlscher.

Bibliographic Information

Buy it now

Buying options

eBook USD 99.00
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book USD 129.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book USD 129.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Other ways to access