12. The Political Economy of Monetary Union

1995 ◽  
pp. 448-506
Author(s):  
Charles Goodhart
Keyword(s):  
Political Economy ◽  
Monetary Union ◽  
The Political

scholarly journals The Political Economy of the European Economic and Monetary Union: Political Sources of an Economic Liability

1997 ◽  
Vol 11 (4) ◽  
pp. 23-42 ◽  
Author(s):  
Martin Feldstein
Keyword(s):  
Political Economy ◽  
Monetary Union ◽  
Balance Of Power ◽  
Economic And Monetary Union ◽  
The Political ◽  
Economic Policies ◽  
Structural Unemployment ◽  
Political Union ◽  
Political Sources ◽  
Trade And Investment

EMU would be an economic liability. A single currency would cause, at most, small trade and investment gains but would raise average cyclical unemployment and possibly raise inflation, perpetuate structural unemployment, and increase the risk of protectionism. EMU is nevertheless being pursued in order to create a political union. Fundamental disagreements among member states about economic policies, foreign and military policies, and the sharing of political power are likely to create future intra-European conflicts. A United Europe would be a formidable participant in the twenty-first century's global balance of power, with uncertain consequences for world stability and peace.

scholarly journals The political economy under monetary union: has the euro made a difference?

2009 ◽  
Vol 24 (58) ◽  
pp. 307-348 ◽  
Author(s):  
Marcel Fratzscher ◽  
Livio Stracca
Keyword(s):  
Political Economy ◽  
Monetary Union ◽  
The Political
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