After the Euro Shaping Institutions for Governance in the Wake of European Monetary Union

by Crouch, Colin

• ISBN13: 9780198296393
• ISBN10: 0198296398
• Format: Hardcover
• Copyright: 2000-05-25
• Publisher: Oxford University Press

Summary

Now that the process of full implementation of European Monetary Union has begun, it is time to shift attention away from the process of introduction to the implications that the common currency will have for a wide range of institutions and policy areas. The wider political and socialinstitutions of the European Union are not well developed there is an institutional deficit which parallels the more widely know democratic deficit. Monetary arrangements of nation states are imbedded in a range of political, cultural, economic and historical factors. Will mechanisms of these kindseventually develop at the European level? Can national structures adapt to meet the challenge? The contributors to After the Euro tackle these questions and in doing so, take the debate beyond the economic and sovereignty questions which have so far dominated the debate.

Table of Contents

List of Contributors	ix
List of Figures	xi
List of Tables	xiii
Introduction: The Political and Institutional Deficits of European Monetary Union	1	(23)
Colin Crouch
The Unanticipated Fallout of European Monetary Union: The Political and Institutional Deficits of the Euro	24	(65)
Robert Boyer
The Political Economy of European Union Financial Integration: The Battle of the Systems	89	(20)
Jonathan Story
Who Wins and Who Loses in the City of London from the Establishment of European Monetary Union	109	(31)
Leila Talani
The Joy of Flux: What Europe may Learn from North America's Preference for National Currency Sovereignty	140	(22)
Stephen Clarkson
Policies, Institutions, and the Euro: Dilemmas of Legitimacy	162	(17)
Amy Verdun
Thomas Christiansen
The Role and Status of the European Central Bank: Some Proposals for Accountability and Cooperation	179	(24)
Christopher Taylor
National Wage Determination and European Monetary Union	203	(24)
Colin Crouch
Fiscal Federalism and the Reality of the European Union Budget	227	(30)
Gabriele Tondl
References	257	(18)
Index	275