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The author presents a nuanced perspective on the Economic and Monetary Union (EMU), emphasizing it as an evolving process rather than a definitive success or failure. He highlights that the impact of monetary unification hinges on its governance and the pace at which European markets adapt to a single currency. The discussion extends beyond the initial years of implementation, suggesting that the framework and functioning of Europe's monetary union will undergo continuous development in the years ahead.
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European Monetary Unification: Theory, Practice, and Analysis, Barry Eichengreen
- Language
- Released
- 1997
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- Title
- European Monetary Unification: Theory, Practice, and Analysis
- Language
- English
- Authors
- Barry Eichengreen
- Publisher
- MIT Press
- Publisher
- 1997
- Format
- Hardcover
- Pages
- 356
- ISBN13
- 9780262050548
- Category
- Business and Economics
- Description
- The author presents a nuanced perspective on the Economic and Monetary Union (EMU), emphasizing it as an evolving process rather than a definitive success or failure. He highlights that the impact of monetary unification hinges on its governance and the pace at which European markets adapt to a single currency. The discussion extends beyond the initial years of implementation, suggesting that the framework and functioning of Europe's monetary union will undergo continuous development in the years ahead.