The European Monetary Union in a Public Choice Perspective: A Political-Economic Approach to the Implications of Macroeconomic Shocks - Couverture rigide

Martin-Das, Jennifer C.

Couverture rigide

ISBN 10 : 184064561X ISBN 13 : 9781840645613

Editeur : Edward Elgar Publishing Ltd, 2002

Synopsis

The future of European Monetary Union (EMU) stands as one of the most important economic issues of the era. The author argues that in the event of macroeconomic shocks, rather than acting as a cohesive force, EMU could give rise to disunity. As EMU is not an optimal currency area, asymmetric shocks affecting each country differently could be critical to its future.

The success of EMU depends upon the ability of institutions in the EU to satisfy the monetary and fiscal policy demands of sufficient numbers of national constituents, interest groups, and multinational corporations. This book employs principles from public choice to analyze the EU institutions that participate in the monetary policy making process of EMU and assesses whether they have the mechanisms to cope with asymmetric macroeconomic shocks. In particular, it examines the European Council, Council of Ministers, European Commission, European Parliament and the European Central Bank.

This book provides an invaluable critique of the EMU plan and will be of interest to scholars of European economics, macroeconomics and public choice.

A propos du livre

À propos de l'auteur

Jennifer C. Martin-Das, earned her doctorate in economics from George Mason University, and is currently a Research Analyst at the Institute for Women’s Leadership, Rutgers, The State University of New Jersey, New Brunswick, US

Détails de l'édition

• Éditeur: Edward Elgar Publishing Ltd
• Date d'édition: 2002
• Langue: anglais
• ISBN 10: 184064561X
• ISBN 13: 9781840645613
• Reliure: Relié
• Nombre de pages: 336
• Coordonnées du fabricant: non disponible
• Personne responsable: non disponible