The original research for the book was, to a large extent, conducted during my PhD studies at the University of Munich and has previously been published in German with Duncker & Humblot. --ECIP Preface.
Focusing on the evolution of economic policy coordination within the European Union, the book examines the concept of externalities and interdependence among policies, particularly in light of the Eurozone crisis. It offers a comprehensive analysis of the measures implemented to enhance the European Monetary Union's functionality, introducing a unique framework that illustrates the shift towards improved coordination among fiscal, monetary, and wage policies during this critical period.