<p>This book provides a much-needed detailed analysis of the evolution of Europe over the last decade, as well as a discussion about the path of reform that has been trodden in the aftermath of the financial crisis. It offers a multidisciplinary view of the E(M)U and captures the main factors that i
Monetary Integration in Europe : The European Monetary Union after the Financial Crisis
β Scribed by Tomann, Horst
- Publisher
- Springer International Publishing
- Year
- 2017
- Tongue
- English
- Leaves
- 253
- Series
- Studies in Economic Transition
- Edition
- 2nd ed
- Category
- Library
No coin nor oath required. For personal study only.
β¦ Synopsis
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.
β¦ Table of Contents
Front Matter ....Pages i-xvii
The History of Monetary Integration in Europe (Horst Tomann)....Pages 1-17
Front Matter ....Pages 19-19
Theory of Optimum Currency Areas (Horst Tomann)....Pages 21-35
The Economic and Monetary Union: Institutions and Credibility (Horst Tomann)....Pages 37-53
Conventional Monetary Policy of the ECB (Horst Tomann)....Pages 55-79
Fiscal Policy Coordination and the Stability and Growth Pact (Horst Tomann)....Pages 81-104
The EMU and the Wage Bargain (Horst Tomann)....Pages 105-132
Front Matter ....Pages 133-133
The ECBβs Unconventional Monetary Policy (Horst Tomann)....Pages 135-150
The Burden of Public Debt and the European Stability Mechanism (Horst Tomann)....Pages 151-166
The Banking Union and Financial Stability (Horst Tomann)....Pages 167-179
Front Matter ....Pages 181-181
Real Convergence in a Monetary Union (Horst Tomann)....Pages 183-196
The New European Monetary System (Horst Tomann)....Pages 197-212
The Debate on Reform Options (Horst Tomann)....Pages 213-230
Back Matter ....Pages 231-246
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