European monetary union : problems of legitimacy, development and stability
著者
書誌事項
European monetary union : problems of legitimacy, development and stability
（European dossier series）
Kogan Page, 2001
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注記
Bibliography: p. 50-53
内容説明・目次
内容説明
The project of monetary union is of vital strategic importance for Europe, but the design of the project is faulty. Key political and economic weaknesses have been emphasized during the debate but European political elites appear to have imposed the formulae of Maastricht essentially in an unchanged form. This dossier emphasizes three problems: the lack of democratic legitimacy for European monetary policy; the highly restrictive nature of the macroeconomic regime that has been installed; and the absence of Europe-wide mechanisms to ensure financial stability. It is suggested that these weaknesses in EMU go a long way towards an explanation of persistent euro depreciation.
目次
- 1. Overview of the single currency since January 1999
- 2. The issue of democracy
- 3. The issue of growth
- 4. The issue of financial stability.
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