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Books > Business & Economics > Economics > Macroeconomics > Monetary economics
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The Road to Monetary Union (Paperback)
Loot Price: R567
Discovery Miles 5 670
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The Road to Monetary Union (Paperback)
Series: Elements in Economics of European Integration
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Loot Price R567
Discovery Miles 5 670
Expected to ship within 12 - 17 working days
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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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