The European Monetary System And European Monetary Union: 1st Edition (Hardback) book cover

The European Monetary System And European Monetary Union

1st Edition

By Michele Fratianni, Jurgen Von Hagen


248 pages

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Hardback: 9780367291860
pub: 2019-09-11
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pub: 2019-09-06
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When the European Monetary System (EMS) was created in 1978, economists on both sides of the Atlantic predicted its early failure. Today, EMS is alive and well, continuing to defy conventional economic wisdom. The authors address three major questions about the European Monetary System (EMS): how it came into being, how it works and how it may evolve into a fully-fledged monetary union.

Table of Contents

Summary of the issues; a description of the European Monetary System; co-operation or discipline: the political economy of the EMS; the disciplinary interpretation of the EMS; German dominance in the EMS: the empirical evidence; the co-operative interpretation of the EMS; exchange rate and inflation uncertainty in the EMS; European monetary union; on the road to EMU.

About the Authors

Michele Fratianni, Jugen Von Hagen

Subject Categories

BISAC Subject Codes/Headings: