The road to monetary union / Richard Pomfret.
Material type: TextLanguage: English Original language: English Series: Cambridge Elements in economics of European integration / edited by Nauro F.CamposPublication details: Cambridge : Cambridge University Press, 2021Description: v, 50 p. ; 24 cmISBN: 9781108965477 :Subject(s): Monetary policy -- European Union countriesDDC classification: 332.494 Online resources: Click here to access online 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.Item type | Current library | Call number | Status | Date due | Barcode |
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Textual Documents | Institute of Development Studies Kolkata | 332.494 P786r (Browse shelf (Opens below)) | Available | 8654 |
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332.49 F38A The Ascent of money: a financial history of the world / | 332.494 AP 22 E European monetary integration : 1958-2002 / | 332.494 M88E The Euro : its origins, development and prospects / | 332.494 P786r The road to monetary union / | 332.4954 J 17 M Monetary economics for India / | 332.4956 P 19 M A Monetary history of the Ottoman Empire / | 332.4973 EI22C Exorbitant Privilege: The Rise and Fall of the Dollar / |
Includes references.
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.
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