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The political economy of monetary solidarity : understanding the Euro experiment

Author: Waltraud Schelkle
Publisher: Oxford, United Kingdom : Oxford University Press, 2017. ©2017
Edition/Format:   Print book : English : First editionView all editions and formats
Summary:
Creating the European monetary union between diverse and unequal nation states is arguably one of the biggest social experiments in history. This book offers an explanation of how the euro experiment came about and was sustained despite a severe crisis, and provides a comparison with the monetary-financial history of the US. The euro experiment can be understood as risk-sharing through a currency that is issued by a  Read more...
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Material Type: Internet resource
Document Type: Book, Internet Resource
All Authors / Contributors: Waltraud Schelkle
ISBN: 0198717938 9780198717935
OCLC Number: 960835446
Description: xii, 370 pages : illustrations ; 24 cm
Contents: Introduction : understanding the euro experiment --
The political economy of monetary solidarity --
Economic risk sharing between states --
A short history of risk sharing in the US monetary union --
The system of limited risk sharing in the euro area --
The euro area crisis as a stress test for monetary solidarity --
Monetary solidarity by default and by design --
Social solidarity through labor market integration --
Monetary solidarity in financial integration --
The experiment of the euro.
Responsibility: Waltraud Schelkle.

Abstract:

This volume provides a political economy approach to examine how the euro experiment came about and was sustained despite a severe crisis.  Read more...

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Waltraud Schelkle develops this risk-sharing perspective in her fascinating (and original) analysis of monetary solidarity in the euro area, demonstrating the weakness of standard one-size-fits-all Read more...

 
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