1.

Record Nr.

UNINA9910255039903321

Autore

Tomann Horst

Titolo

Monetary Integration in Europe : The European Monetary Union after the Financial Crisis / / by Horst Tomann

Pubbl/distr/stampa

Cham : , : Springer International Publishing : , : Imprint : Palgrave Macmillan, , 2017

ISBN

3-319-59247-5

Edizione

[2nd ed. 2017.]

Descrizione fisica

1 online resource (XVII, 246 p. 22 illus., 10 illus. in color.)

Collana

Studies in Economic Transition, , 2662-6675

Disciplina

337.142

Soggetti

European Economic Community literature

Macroeconomics

Economic policy

Economics

Economic history

European Integration

Macroeconomics/Monetary Economics//Financial Economics

Political Economy/Economic Systems

Economic Policy

Economic History

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Nota di bibliografia

Includes bibliographical references and index.

Nota di contenuto

Chapter 1: The History of Monetary Integration in Europe.- Part I: The Functioning of the Monetary Union. Chapter 2: Theory of Optimum Currency Areas -- Chapter 3: The Economic and Monetary Union: Institutions and Credibility -- Chapter 4: Conventional Monetary Policy of the ECB -- Chapter 5: Fiscal Policy Coordination and the Stability and Growth Pact -- Chapter 6: The EMU and the Wage Bargain.- Part II: Responses to the Financial Crisis. Chapter 7: The ECB’s Unconventional Monetary Policy -- Chapter 8: The Burden of Public Debt and the European Stability Mechanism -- Chapter 9: The Banking Union and Financial Stability.- Part III: Long-term Issues. Chapter 10: Real Convergence in a Monetary Union -- Chapter 11: The New European Monetary System -- Chapter 12: The Debate on Reform Options.



Sommario/riassunto

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.