The Road to Monetary Union in Europe: The Emperor, the Kings, and the Genies by Tommaso Padoa-SchioppaThe Road to Monetary Union in Europe: The Emperor, the Kings, and the Genies by Tommaso Padoa-Schioppa

The Road to Monetary Union in Europe: The Emperor, the Kings, and the Genies

byTommaso Padoa-Schioppa

Paperback | December 15, 2000

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This book provides an indispensable guide to the economic, political and diplomatic process that led to the creation of the European single market and the signing of the Maastricht Treaty. In this new, expanded edition Padoa-Schioppa presents a lucid assessment of the opportunities and risksthat EMU entailed; assesses the economic, monetary, political, and institutional significance of the euro; and reconsiders the rationale and underlying philosophy of EMU in the light of recent developments. Padoa-Schioppa has brought together a selection of his papers and speeches, covering 1982-94, from his work as Deputy Director General of the Banca d'Italia, and has edited them thoroughly to illuminate the recent history of European integration. A central theme of his book is the belief that agroup of sovereign countries cannot for long sustain free trade, unrestricted capital movement, fixed exchange rates and full autonomy of national macroeconomic policies, and so need to move towards a single currency. He discusses extensively such issues as the single currency, the tasks of aEuropean central bank, the ECU, the role of budgetary rules, currency competition, and the relationship between EMU and political union. The author has created an insider's guide to this topical issue for students, academics, policymakers and commentators alike. This book contains extracts from documents and an extensive chronology which will be of particular use for readers.
Tommaso Padoa-Schioppa is a member of the Executive Board of the European Central Bank. Previously he was affiliated to the Bank of Italy and the European Commission, and was Secretary of the Delors Committee.
Title:The Road to Monetary Union in Europe: The Emperor, the Kings, and the GeniesFormat:PaperbackDimensions:276 pages, 8.5 × 5.43 × 0.63 inPublished:December 15, 2000Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0199241767

ISBN - 13:9780199241767


Table of Contents

Introduction: What Went Right? The Emperor, the Kings, and the Genies1. Rules and Institutions in Multi-Country Economies2. Capital Mobility: Why is the Treaty not Implemented?3. Lessons from the European Monetary System4. The ECU's Coming of Age5. After the Single European Act: Efficiency, Stability, and Equity6. The EMS is not Enough: The Need for Monetary Union7. The Delors Report: From Intentions to Action8. Monetary Union and Competition9. Fiscal Compatibility and Monetary Constitution10. Monetary Union and Political Union11. On the Eve of Maastricht12. After the Storm