The Future of the Euro by Matthias MatthijsThe Future of the Euro by Matthias Matthijs

The Future of the Euro

EditorMatthias Matthijs, Mark Blyth

Paperback | April 2, 2015

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In The Future of the Euro, a group of the world's top political economists analyze the fundamental causes of the euro crisis, determine how it can be fixed, and consider what likely futures lie ahead for the currency. The book makes three interrelated arguments emphasizing the primacy ofpolitical over economic factors. First, the original plan for the euro focused on monetary union, but omitted a financial and banking union, mutually supporting institutions of fiscal union and economic government, and a legitimate political union. Second, the euro's unfinished design led toeconomic divergence-quietly altering the existing distribution of economic and political power within Europe prior to the crisis-which in turn determined the EU's crisis response. The book highlights how the euro's four most important member states - Germany, France, Italy and Spain - each changedonce they adopted the euro, why the crisis affected them so differently, and how each has since struggled to live with the commitments the euro necessitates. Third, the book examines three possible "euro futures" through the lens of the politics of its reluctant leader Germany; through the lens ofthe EU's capacity to move forward through crises; and through the geopolitical lens of the international monetary system. Any successful long-term solution to the euro's predicament will need to start with the political foundations of markets.
Matthias Matthijs, Assistant Professor of International Political Economy, Johns Hopkins University-SAIS and author of Ideas and Economic Crises (Routledge). Mark Blyth, Professor of Political Science, Brown University and author of Austerity (Oxford University Press) and Great Transformations (Cambridge University Press).
Title:The Future of the EuroFormat:PaperbackDimensions:368 pages, 9.21 × 6.1 × 1.1 inPublished:April 2, 2015Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0190233249

ISBN - 13:9780190233242

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Table of Contents

List of FiguresList of Tables1. Matthias Matthijs and Mark Blyth: Introduction: The Future of the Euro and the Politics of Embedded Currency AreasSection I: The Euro Problem2. Kathleen R. McNamara: Forgotten Embeddedness: History Lessons for the Euro3. Erik Jones: Forgotten Financial Union: How You Can Have a Euro Crisis without a Euro4. Nicolas Jabko: Elusive Economic Government and Forgotten Fiscal Union5. Vivien A. Schmidt: Forgotten Democratic Legitimacy: 'Governing by the Rules' and 'Ruling by the Numbers'Section II: The Euro Experience6. Abraham Newman: Germany's Euro Experience and the Long Shadow of Reunification7. Mark I. Vail: Europe's Middle Child: France's Statist Liberalism and the Conflicted Politics of the Euro8. Jonathan Hopkin: The Troubled South: The Euro Experience in Italy and SpainSection III: The Euro Future9. Wade Jacoby: Europe's New German Problem: The Timing of Politics and the Politics of Timing10. Craig Parsons and Matthias Matthijs: European Integration Past, Present, and Future: Moving Forward through Crisis?11. Eric Helleiner: The Future of the Euro in a Global Monetary Context12. Conclusion: The Future of the Euro: Possible Futures, Risks, and UncertaintiesMatthias Matthijs and Mark BlythBibliographyIndex

Editorial Reviews

"A vital contribution-if you want to understand the challenges at the heart of Europe's continuing crisis, put yourself in the hands of this dream-team of experts. Matthijs and Blyth have crafted a volume that is both timely and essential." --Jonathan David Kirshner, Stephen and Barbara Friedman Professor of International Political Economy, Cornell University