Overview

At the launch of the Euro, predictions about what has been dubbed ""Euroland"" were mixed. Supporters say the unprecedented switch to a single currency will benefit business and consumers alike. But critics warn that EMU is a giant leap into the unknown. The purpose of this book is to bring together the available evidence to date about EMU, focusing on European monetary and fiscal policy. Sylvester Eijffinger and Jakob de Haan have produced a fresh and forward-looking account of the issues surrounding monetary integration. Their analysis includes the functions and goals of the European Central Bank, the Treaty on European Union, the Stability and Growth Pact, and the harmonization of taxes. They go on to discuss the targets and instruments of European monetary policy, the relationships between the 'ins' and 'outs' within Europe, the integration of European financial markets, and the competition between financial institutions in Europe. Finally, the international role of the Euro and future of international policy co-ordination are investigated. The text has been presented for maximum clarity: each chapter concludes with a summary of the main issues, and case material and key topics are highlighted in boxes in order to help students focus on essential information. This thorough, innovative, and well-researched analysis has been carefully tailored to meet the course needs of undergraduate students of economic integration, European economics, international economics, and European studies.

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9780198776161

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Reviews

This book is an excellent, theoretically sound and politically relevant reader , Professor Wolfschaefer, Universitat des Bundeswehr, Hamburg Up to date complete overview of European monetary and fiscal policy issues. Highly readable, good mix of theory and data I think the book contains a wealth of useful, precise information, presented in a straightforward, readable way in a quintessentially comparative perspective , Dr M Mclean, Royal Holloway University Excellent treatment - quite comprehensive, full references, accessible for non-economists , Charlotte Bretherton, Liverpool John Moores Univesity A useful addition to student literature , MJ Macmillan, Exeter University 'This is a top class book and does not limit itself to assessing the adequacy of the European political economy to the precepts of advanced monetary economics...This book is an excellent tool for teaching EMU economics, and raising the level of EMU economics in the reaserch-field of international political economy. Students and scholars will appreciate the explicit assessment the authors make of complex economic issues, and their unbiased stance in the study of EMU economic and political interplay.' Miriam L.Campamella, Jean Monnet Professor, Faculty of Political Science, University of Turin. ECSA Review, Winter 2001

This book is an excellent, theoretically sound and politically relevant reader , Professor Wolfschaefer, Universitat des Bundeswehr, Hamburg Up to date complete overview of European monetary and fiscal policy issues. Highly readable, good mix of theory and data I think the book contains a wealth of useful, precise information, presented in a straightforward, readable way in a quintessentially comparative perspective , Dr M Mclean, Royal Holloway University Excellent treatment - quite comprehensive, full references, accessible for non-economists , Charlotte Bretherton, Liverpool John Moores Univesity A useful addition to student literature , MJ Macmillan, Exeter University 'This is a top class book and does not limit itself to assessing the adequacy of the European political economy to the precepts of advanced monetary economics...This book is an excellent tool for teaching EMU economics, and raising the level of EMU economics in the reaserch-field of international political economy. Students and scholars will appreciate the explicit assessment the authors make of complex economic issues, and their unbiased stance in the study of EMU economic and political interplay.' Miriam L.Campamella, Jean Monnet Professor, Faculty of Political Science, University of Turin. ECSA Review, Winter 2001

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