ISBN:
9781843766940
Language:
English
Pages:
1 Online-Ressource (vii, 152 p)
,
ill
Series Statement:
Edward Elgar E-Book Archive
Parallel Title:
Available in another form
Parallel Title:
Elektronische Reproduktion von Arestis, Philip, 1941 - The euro
DDC:
332.4/94
Keywords:
Euro
;
Eurozone
;
Geldpolitik
;
EU-Staaten
;
Fiscal policy
;
Monetary policy
;
Euro
;
Electronic books
;
Aufsatzsammlung
;
Euro
Abstract:
The authors offer a sustained argument that the single currency as currently implemented does not promise to deliver prolonged growth. They contend that the economic impact of the euro, and its accompanying institutions, is likely to be destabilising and deflationary; that the political impact is profoundly undemocratic and that the social consequences are likely to be deleterious. They do not reject the concept of a single currency but are highly critical of policy arrangements such as the Stability and Growth Pact which govern the euro. The authors propose alternative policy and institutional arrangements within which the euro should be embedded. They demonstrate that these would have the benefits of a single currency whilst avoiding many of the potential costs identified by detractors
Abstract:
1. Introduction -- 2. From common market to EMU : an historical perspective on European economic and monetary integration -- 3. The conditions surrounding the launch of the euro -- 4. Monetary and financial arrangements accompanying the euro -- 5. Channels of monetary policy and implications for the euro -- 6. The causes of euro instability
Note:
Includes bibliographical references and index
DOI:
10.4337/9781843766940
URL:
Volltext
(Deutschlandweit zugänglich)
URL:
Deutschlandweit zugänglich
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