RichardPomfret
Road to Monetary Union
Road to Monetary Union
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The Road to Monetary Union is a book that explains the process of how the European Union adopted a common currency. It analyzes the issues that were involved at different times and the global background that mattered. It also discusses the connections between eurozone membership and Greece's sovereign debt crisis and concludes with an analysis of how the eurozone works today and its prospects for the 2020s. The approach is primarily economic, but it also acknowledges the role of politics and history.
\n Format: Paperback / softback
\n Length: 75 pages
\n Publication date: 11 March 2021
\n Publisher: Cambridge University Press
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The Road to Monetary Union delves into the non-technical aspects of the journey towards adopting a unified currency for the European Union. This intricate process unfolded over time, with various issues emerging at different stages, and the contemporary global backdrop played a significant role. The Element provides a comprehensive explanation of why monetary union was attempted in the 1970s but ultimately failed, leading to a restart in 1979, an acceleration after 1992, and the completion of the process for a core group of EU members in 1999. It explores the intricate connections between eurozone membership and Greece's sovereign debt crisis, shedding light on the challenges and complexities faced by the region. The book concludes with an analysis of how the eurozone functions today and offers insights into its prospects for the 2020s. While primarily focusing on economic factors, it acknowledges the indispensable role of politics (timing) and history (path dependence) in shaping the course of monetary union. A central theme of the book is to challenge simplistic notions about the euro's failure by conducting a thorough analysis of the competing pressures that have influenced its development. This approach aims to provide a more nuanced understanding of the complex dynamics at play within the eurozone and its potential future trajectory.
\n Weight: 110g\n
Dimension: 227 x 228 x 7 (mm)\n
ISBN-13: 9781108965477\n \n
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