The Political Economy of Monetary Union: Towards the Euro by Francesco Giordano

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Monetary union is expected to take place in 1999 - the conclusion of many years of diplomatic effort and slow economic convergence. This book places the whole issue of monetary union in its wider political economic context. The authors discuss: the effect of EMU on fiscal and monetary policies Central bank independence the impact of EMU on unemployment ERM II international perspectives. Drawing on their experience in the European financial markets, the authors use a non-technical approach to discuss these issues - both in a general sense and in specific country experiences. The work combines recent academic literature with current economic, legal and political developments.

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This book places the whole issue of monetary union in its wider political economic context. The authors discuss: * the effect of EMU on fiscal and monetary policies * Central bank independence * the impact of EMU on unemployment * ERM II * international perspectives. Drawing on their experience in the European financial markets, the authors use a non-technical approach to discuss these issues - both in a general european sense and more specifically, Germany, the UK and Italy.

Table of Contents

Chapter 1 Introduction; Chapter 2 Monetary Union: To be or Not to be?; Chapter 3 German Unification and EMU; Chapter 4 Solving the Deficit Puzzle; Chapter 5 In Bundesbank Clothes; Chapter 6 Central Banks Get Eclectic; Chapter 7 European Unemployment; Chapter 8 German Unemployment; Chapter 9 Bubbles, Crises and Interventions; Chapter 10 Life Outside EMU; Chapter 11 The UK and EMU; Chapter 12 Italian Institutional Reforms; Chapter 13 Conclusion;

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