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Books > Business & Economics > Economics > Macroeconomics > Monetary economics
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The European Monetary Union in a Public Choice Perspective (Hardcover)
Loot Price: R4,159
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The European Monetary Union in a Public Choice Perspective (Hardcover)
Series: The Locke Institute series
Expected to ship within 10 - 15 working days
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The future of European Monetary Union (EMU) stands as one of the
most important economic issues of the era. The author argues that
in the event of macroeconomic shocks, rather than acting as a
cohesive force, EMU could give rise to disunity. As EMU is not an
optimal currency area, asymmetric shocks affecting each country
differently could be critical to its future. The success of EMU
depends upon the ability of institutions in the EU to satisfy the
monetary and fiscal policy demands of sufficient numbers of
national constituents, interest groups, and multinational
corporations. This book employs principles from public choice to
analyze the EU institutions that participate in the monetary policy
making process of EMU and assesses whether they have the mechanisms
to cope with asymmetric macroeconomic shocks. In particular, it
examines the European Council, Council of Ministers, European
Commission, European Parliament and the European Central Bank. This
book provides an invaluable critique of the EMU plan and will be of
interest to scholars of European economics, macroeconomics and
public choice.
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