Format:
1 Online-Ressource (vii, 152 Seiten)
,
ill
ISBN:
9781843766940
Note:
Includes bibliographical references and index
,
1. Introduction -- 2. From common market to EMU : an historical perspective on European economic and monetary integration -- 3. The conditions surrounding the launch of the euro -- 4. Monetary and financial arrangements accompanying the euro -- 5. Channels of monetary policy and implications for the euro -- 6. The causes of euro instability
,
The authors offer a sustained argument that the single currency as currently implemented does not promise to deliver prolonged growth. They contend that the economic impact of the euro, and its accompanying institutions, is likely to be destabilising and deflationary; that the political impact is profoundly undemocratic and that the social consequences are likely to be deleterious. They do not reject the concept of a single currency but are highly critical of policy arrangements such as the Stability and Growth Pact which govern the euro. The authors propose alternative policy and institutional arrangements within which the euro should be embedded. They demonstrate that these would have the benefits of a single currency whilst avoiding many of the potential costs identified by detractors
Additional Edition:
Erscheint auch als Druckausgabe ISBN 1840645830
Additional Edition:
Erscheint auch als Druckausgabe ISBN 9781840645835
Language:
English
Subjects:
Economics
Keywords:
Europäische Union
;
Währungsunion
;
Euro
;
Europäische Union
;
Währungsunion
;
Geldpolitik
;
Aufsatzsammlung
;
Aufsatzsammlung
DOI:
10.4337/9781843766940
URL:
Volltext
(URL des Erstveröffentlichers)
URL:
Volltext
(Deutschlandweit zugänglich)
URL:
Deutschlandweit zugänglich
URL:
FULL
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