One Money for Europe?: The Economics and Politics of Emu

Describes how the European Monetary Union (EMU) could work better in a confederal Europe with no federal chief executive and with only limited accountability to political institutions. Traces the origins of the EMU, explains the exchange-rate mechanism, and discusses the transition from exchange-rate mechanism to the EMU, the economic consequences of the EMU, implications for fiscal and regional policies, and the EMU and the rest of the world. Annotation c. by Book News, Inc., Portland, Or.


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