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Author: Paul Wallace
Publisher: Cambridge University Press
Published: 2016
Total Pages: 343
ISBN-13: 1107104890
DOWNLOAD EBOOKA clear, analytical and balanced guide to the euro experiment and subsequent crisis that will appeal to a wide readership.
Author: Waltraud Schelkle
Publisher: Oxford University Press
Published: 2017
Total Pages: 387
ISBN-13: 0198717938
DOWNLOAD EBOOKCreating the European monetary union between diverse and unequal nation states is arguably one of the biggest social experiments in history. This book offers an explanation of how the euro experiment came about and was sustained despite a severe crisis, and provides a comparison with the monetary-financial history of the US. The euro experiment can be understood as risk-sharing through a currency that is issued by a supranational central bank. A single currency shares liquidity risks by creating larger markets for all financial assets. A single monetary policy responds to business cycles in the currency area as a whole rather than managing the path of one dominant economy. Mechanisms of risk-sharing become institutions of monetary solidarity if they are consciously maintained, but they will periodically face opposition in member states. This book argues that diversity of membership is not an economic obstacle to the success of the euro, as diversity increases the potential gains from risk sharing. But political cooperation is needed to realize this potential, and such cooperation is up against collective action problems which become more intractable as the parties become more diverse. Hence, risk-sharing usually comes about as a collective by-product of national incentives. This political-economic tension can explain why the gains from risk-sharing are not more fully exploited, both in the euro area and in the US dollar area. This approach to monetary integration is based on the theory of collective action when hierarchy is not available as a solution to inter-state cooperation. The theory originates with Keohane and Ostrom (1995) and it is applied in this book, taking into account the latest research on the inherent instability of financial market integration.
Author: Markus K. Brunnermeier
Publisher: Princeton University Press
Published: 2018-09-18
Total Pages: 456
ISBN-13: 0691178410
DOWNLOAD EBOOKHow philosophical differences between Eurozone nations led to the Euro crisis—and where to go from here Why is Europe’s great monetary endeavor, the Euro, in trouble? A string of economic difficulties in Eurozone nations has left observers wondering whether the currency union can survive. In this book, Markus Brunnermeier, Harold James, and Jean-Pierre Landau argue that the core problem with the Euro lies in the philosophical differences between the founding countries of the Eurozone, particularly Germany and France. But the authors also show how these seemingly incompatible differences can be reconciled to ensure Europe’s survival. Weaving together economic analysis and historical reflection, The Euro and the Battle of Ideas provides a forensic investigation and a road map for Europe’s future.
Author: Alan S. Milward
Publisher: Psychology Press
Published: 2000
Total Pages: 494
ISBN-13: 9780415216296
DOWNLOAD EBOOKNewly revised and updated, this second edition is the classic economic and political account of the origins of the European Community book offers a challenging interpretation of the history of the western European state and European integration.
Author: Ashoka Mody
Publisher: Oxford University Press
Published: 2018
Total Pages: 673
ISBN-13: 0199351384
DOWNLOAD EBOOKEuroTragedy is an incisive exploration of the tragedy of how the European push for integration was based on illusions and delusions pursued in the face of warnings that the pursuit of unity was based on weak foundations.
Author: Helena Legido-Quigley
Publisher: World Health Organization
Published: 2008
Total Pages: 242
ISBN-13: 9289071931
DOWNLOAD EBOOKPeople have always travelled within Europe for work and leisure, although never before with the current intensity. Now, however, they are travelling for many other reasons, including the quest for key services such as health care. Whatever the reason for travelling, one question they ask is "If I fall ill, will the health care I receive be of a high standard?" This book examines, for the first time, the systems that have been put in place in all of the European Union's 27 Member States. The picture it paints is mixed. Some have well developed systems, setting standards based on the best available evidence, monitoring the care provided, and taking action where it falls short. Others need to overcome significant obstacles.
Author: Johan Van Overtveldt
Publisher: Agate Publishing
Published: 2011-11-09
Total Pages: 240
ISBN-13: 1572846887
DOWNLOAD EBOOKFrom the acclaimed author of Bernanke’s Test, “an essential title for any reader with investments or interest in financial instruments” (Library Journal). The End of the Euro begins with an overview of the birth of the euro itself. Understanding this history is essential to understand the anomalies built into the project from the beginning. These anomalies form the subject of chapter two, along with how they led to the situation that turned Greece, Portugal, and Spain into euro-destroying economic disaster areas. Chapter three shows how this was not an unforeseeable situation, as Europe’s history is filled with earlier failed attempts to build monetary unions. Chapter four is focused on Germany, by far the most important country within EMU, and why the chances of Germany leaving the union are much higher than is generally assumed. The book concludes with an analysis of what lies in wait for the remains of the monetary union—and for a deeply divided and troubled continent in general. Either the EMU transforms itself fundamentally or it disintegrates. “Johan Van Overtveldt is a consistently insightful and incisive writer and I await each of his books with real anticipation.” —Tyler Cowen, The Marginal Revolution blog “A whole generation of Europeans has found comfort in the idea that economic cooperation has overruled the pull of power politics and even some basic laws of economics. This book forcefully squashes that illusion. A must-read!” —Jonathan Holslag, research fellow at the Brussels Free University
Author: Kathleen R. McNamara
Publisher:
Published: 2015
Total Pages: 225
ISBN-13: 0198716230
DOWNLOAD EBOOKHow do political authorities build support for themselves and their rule? Doing so is key to accruing power, but it can be a complicated affair. This book shows how social processes can legitimate new rulers and make their exercise of power seem natural. Historically, political authorities have used carefully crafted symbols and practices to create a cultural infrastructure for rule, most notably through nationalism and state-building. The European Union (EU), as a new governance form, faces a particularly acute set of challenges in naturalising itself.
Author: Todd Huizinga
Publisher: Encounter Books
Published: 2016-02-16
Total Pages: 273
ISBN-13: 1594037906
DOWNLOAD EBOOKWhat caused the eurozone debacle and the chaos in Greece? Why has Europe’s migrant crisis spun out of control, over the heads of national governments? Why is Great Britain calling a vote on whether to leave the European Union? Why are established political parties declining across the continent while protest parties rise? All this is part of the whirlwind that EU elites are reaping from their efforts to create a unified Europe without meaningful accountability to average voters. The New Totalitarian Temptation: Global Governance and the Crisis of Democracy in Europe is a must-read if you want to understand how the European Union got to this point and what the European project fundamentally is. This is the first book to identify the essence of the EU in a utopian vision of a supranationally governed world, an aspiration to achieve universal peace through a global legal order. The ambitions of the global governancers are unlimited. They seek to transform not just the world’s political order, but the social order as well—discarding basic truths about human nature and the social importance of tradition in favor of a human rights policy defined by radical autonomy and unfettered individual choice. And the global governance ideology at the heart of the EU is inherently antidemocratic. EU true believers are not swayed by the common sense of voters, nor by reality itself. Because the global governancers aim to transfer core powers of all nations to supranational organizations, the EU is on a collision course with the United States. But the utopian ideas of global governance are taking root here too, even as the European project flames into rancor and turmoil. America and Europe are still cultural cousins; we stand or fall together. The EU can yet be reformed, and a commitment to democratic sovereignty can be renewed on both sides of the Atlantic.
Author: Otmar Issing
Publisher: Cambridge University Press
Published: 2008-09-18
Total Pages: 260
ISBN-13: 1139473573
DOWNLOAD EBOOKToday, 318 million people in 15 countries use the Euro, which now rivals the importance of the US Dollar in the world economy. This is an outcome that few would have predicted with confidence when the Euro was launched. How can we explain this success and what are the prospects for the future? There is nobody better placed to answer these questions than Otmar Issing, who as a founding member of the Executive Board of the European Central Bank (1998–2006), was one of the Euro's principal architects. His story is a unique insider account, combining personal memoir with reference to the academic and policy literature. Free of jargon, this is a very human reflection on a unique historical experiment and a key reference for all academics, policy makers, and 'Eurowatchers' seeking to understand how the Euro has got to where it is today and what challenges lie ahead.
