Betting for and Against Emu

by Talani, Leila Simona

• ISBN13: 9780754610540
• ISBN10: 0754610543
• Format: Hardcover
• Copyright: 2000-05-01
• Publisher: Ashgate Pub Ltd

Summary

Leila Talani provides a thorough analysis on the extent to which the outcomes of the process of European monetary integration and, particularly, of the development of the debate over the establishment of EMU, have been influenced by domestic politics and by domestic economic interest groups in Italy and in the United Kingdom. From an empirical point of view this book provides a thorough account of the development of Italian and British socio-economic interest groups towards the issue of European monetary union from the making of the EMS until the establishment of EMU.

Author Biography

Leila Simona Talani is at the London School of Economics and Political Science, UK, and the European University Institute, Italy.

Table of Contents

List of Graphs	p. vi
List of Tables	p. viii
Introduction	p. 1
Interests or Expectations? A Political Economy Analytical Approach to Exchange Rate Commitments	p. 3
The Birth of Consensus	p. 21
Italy and Entry into the ERM: Shifting the Domestic Power Struggle to the European Level	p. 23
The UK and the Making of the EMS: A Low Temperature Political Debate	p. 67
The UK and Entry into the ERM: Domestic Considerations and External Threats	p. 112
The Death of Consensus	p. 165
Italy and the Departure from the ERM: Purely Economic Interests vs Political Economy Strategies	p. 167
The UK and the Departure from the ERM: Betting against EMU	p. 199
Future Consensus	p. 241
Italy and EMU: A Widespread Socioeconomic Consensus	p. 243
The UK and EMU: The City vs the Continent	p. 268
Bibliography	p. 302
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