Economic and Monetary Union in Europe: Theory, Evidence and Practice (Elgar Monographs)

The introduction of a single currency within the European Union in its present form is without precedent in world history and will have far-reaching consequences for the future prosperity of the continent.

Economic and Monetary Union in Europe brings together contributions from leading specialists which explain and evaluate the most important implications of economic and monetary union. The book examines theoretical aspects of monetary integration, illustrates the historical lessons to be learned from these and discusses the resulting policy consequences.

This book will be essential reading for undergraduates studying European monetary integration and will prove to be a key source of reference for academics and post graduates working in this area.

Contents: Preface; 1. European Economic Integration; Part I: Theoretical Considerations of EMU; 2. Monetary Integration: The Intellectual Pre-history; 3. Policy Challenges under EMU; Part II: Historical Precedents; 4. Historical Experience with Monetary Unions: The Case of Scandinavia 1875-1914; 5. German Monetary Union and the Lessons for EMU; Part III: Policy Consequences of a Single Currency; 6. Monetary Regimes, Collective Fiscal Retrenchment and the Political Economy of EMU; 7. Economic and Monetary Union and the European Community Budget; 8. EMU: Monetary Policy Issues and Challenges; Part IV: The Impact Upon External Relations; 9. The Euro and the Stabilisation of the Eastern European Economy; 10. EMU and the Rest of the World: Thinking About the Effects on the Real Economy; Index

Contributors: M. Baimbridge, R. Barrell, W.M. Corden, I. Henriksen, N. Kærgård, Sir D. MacDougall, D.G. Mayes, R.I. McKinnon, D.W. te Velde, J. von Hagen, P. Whyman, L.A. Winters, C. Wyplosz