Hardback
European Monetary Union Since 1848
A Political and Historical Analysis
9781858984612 Edward Elgar Publishing
This innovative book – based on actual historical experience – advances the controversial idea that European Monetary Union will only succeed if supported by much closer political union between the member states.
More Information
Critical Acclaim
Contents
More Information
This innovative book – based on actual historical experience – advances the controversial idea that European Monetary Union will only succeed if supported by much closer political union between the member states.
A careful analysis of initiatives in the nineteenth century shows that if a monetary union is based on an agreement between autonomous states, tensions arise which eventually destroy the arrangements. This leads to the conclusion that political union is a prerequisite not only for the sustainability of a monetary union, but also and especially for its irreversibility.
A careful analysis of initiatives in the nineteenth century shows that if a monetary union is based on an agreement between autonomous states, tensions arise which eventually destroy the arrangements. This leads to the conclusion that political union is a prerequisite not only for the sustainability of a monetary union, but also and especially for its irreversibility.
Critical Acclaim
‘Even though Vanthoor’s book European Monetary Union Since 1848 was published a few years ago it remains very topical today, when the 12 EMU countries after three years of the euro system will be physically using euros in 2002.’
– Riitta Hjerppe, Scandinavian Economic History Review
‘The literature on the success of the EMU needs more historical analyses like Vanthoor’s. His case studies sparkle with intriguing historical details that will stimulate more questions and further research about monetary unions. His appendices, which give a chronological overview of European monetary integration since the mid-nineteenth century, make a handy reference. The book should be of interest to economic and legal historians and political scientists.’
– Michaela Dabringhausen, The International History Review
‘. . . it is a useful book to have on one’s shelf, not only because of the analysis given but also because of the two extensive appendices. . .’
– Hans Visser, De Economist
‘. . . as a record of the political and institutional antecedents to EMU, this book offers a level of detail that will be hard to match. The detailed chronology in the appendix will be invaluable reference for students of European monetary integration.’
– Huw Pill, Harvard Business School, US
– Riitta Hjerppe, Scandinavian Economic History Review
‘The literature on the success of the EMU needs more historical analyses like Vanthoor’s. His case studies sparkle with intriguing historical details that will stimulate more questions and further research about monetary unions. His appendices, which give a chronological overview of European monetary integration since the mid-nineteenth century, make a handy reference. The book should be of interest to economic and legal historians and political scientists.’
– Michaela Dabringhausen, The International History Review
‘. . . it is a useful book to have on one’s shelf, not only because of the analysis given but also because of the two extensive appendices. . .’
– Hans Visser, De Economist
‘. . . as a record of the political and institutional antecedents to EMU, this book offers a level of detail that will be hard to match. The detailed chronology in the appendix will be invaluable reference for students of European monetary integration.’
– Huw Pill, Harvard Business School, US
Contents
Contents: Preface Part I: Introduction 1. General Characteristics 2. Monetary Union 3. Supraregional Monetary Unions 4. Inter-European Monetary Unions 5. The 19th-Century Monetary Unions Assessed Part II: Integration in the 20th Century 6. The Period 1918–1945: The Age of European Disintegration 7. The Period 1945–1957: Preparations for Integration 8. The Period 1957–1969: The Common Market 9. The Period 1969–1979: A Difficult Road to EMU 10. The Period 1979–1989: The European Monetary System 11. The Period 1989–1995: The Way to ‘Maastricht’ and its Repercussions 12. Assessment: Period 1918–1995 Part III: On the Eve of the 21st Century 13. Lessons from the Past 14. EPU as the Ultimate Objective of EMU? 15. Summary and Conclusions