Economic Thought and the Making of European Monetary Union: Selected Essays of Ivo Maes
'. . . Ivo Maes's essays on European monetary integration are of particular value because of the importance of the issues involved, which are so sensitive politically, and from the standpoint of national sovereignty. Here, as elsewhere, Maes's combination of historical knowledge and analytical insight will be helpful to students of all ages and to intelligent laymen seeking to understand how we got where we are.' - from the foreword by A.W. Coats, University of Nottingham, UK and Duke University, US '. . . This volume offers a very useful contribution to the dialogue between the academic community and the world of European economic policy-making . . . By highlighting crucial forces in the integration process, it comes into the area where history borders on, and flows over into, a more prospective analysis.' - from the foreword by G. Quaden, Governor of the National Bank of Belgium, Member of the Governing Council of the European Central Bank This valuable book examines the interaction between economic ideas and the policy-making process in Europe, centred around the creation of European Monetary Union. the essays cover three broad areas: early debates on European monetary integration, economic thought at the European Community institutions, and the establishment of Economic and Monetary Union (EMU) in Europe.
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Optimum currency area theory and European monetary integration
Monetary integration debates in the 1970s
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analysis Annual Economic Report Belgian Belgium Bretton-Woods system budgetary policy Bundesbank CEPS Committee contributed convergence Council countries creation crucial customs union debate deficit Delors Report Directorate economic and monetary economic integration economic policy economic situation economic thought economists emphasised especially euro Europe Europe's European Central Bank European Commission European Community European Community institutions European currency European Economy European integration European monetary integration European Monetary System factors fixed exchange rates flexible exchange rates fluctuation margins forecasts French franc functioning German mark Hague Summit important inflation integration process internal market International Economic January Keynesian Maastricht Treaty macroeconomic macroeconomic policy Maes Marjolin McKinnon Meade medium-term Member monetarists monetary policy Mundell optimum currency area Padoa-Schioppa policy-making institutions political price stability process of European proposed realignments role single currency snake stage strategy structural Theory Tinbergen trade unemployment unification United Kingdom Viner Werner Report