[PDF] The Role Of The Delors Committee In The Creation Of Emu eBook

Author : Ramona Kraft
Publisher : GRIN Verlag
Page : 25 pages
File Size : 38,10 MB
Release : 2007-09-26
Category : Business & Economics
ISBN : 3638788687

GET BOOK

Essay from the year 2006 in the subject Economics - Monetary theory and policy, grade: 1,4, Dublin City University (Business School), course: Course EU Politics, 14 entries in the bibliography, language: English, abstract: The creation of the European and Monetary Union (EMU) has been one of the most determined and successful projects carried out by the European Union (EU) - and it is still in progress since eleven EU-countries are, following the Maastricht treaty, legally required to join the Eurozone as soon as they meet the convergence criteria. The reasons for the creation of EMU have been widely discussed among scholars; some focus on the request for political integration that would resulted from an EMU, some claim that the EMU was established to promote growth and investment. The assignment will hence "discuss how the creation of EMU was both an economic and politically driven process". Chapter 1 outlines events and agreements which indirectly led to the EMU. Chapter 2 assesses the Delors Report and the Stability and Growth Pact (SGP) which affect EMU directly . Chapter 3 concludes by analysing the mentioned 30-year process leading to the EMU and gives a brief outlook. This approach has been chosen because it is essential to study the historical events leading to the Delors Report and finally the Treaty on European Union (TEU) in order to analyse the creation of EMU.

Author : Tommaso Padoa-Schioppa
Publisher : OUP Oxford
Page : 276 pages
File Size : 22,92 MB
Release : 1994-12-01
Category : Business & Economics
ISBN : 0191521698

GET BOOK

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 risks that 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 a group 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 a European 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.

Author : Horst Ungerer
Publisher : Praeger
Page : 360 pages
File Size : 14,95 MB
Release : 1997-07-16
Category : Business & Economics
ISBN :

GET BOOK

A comprehensive, concise--and unique--examination of the history of European monetary integration since the end of World War II, and how this fits into the anticipated economic and monetary union and closer political cooperation of European countries.

Author : Harold James
Publisher : Harvard University Press
Page : 324 pages
File Size : 20,86 MB
Release : 2012-11-19
Category : Business & Economics
ISBN : 0674070941

GET BOOK

Europe’s financial crisis cannot be blamed on the Euro, Harold James contends in this probing exploration of the whys, whens, whos, and what-ifs of European monetary union. The current crisis goes deeper, to a series of problems that were debated but not resolved at the time of the Euro’s invention. Since the 1960s, Europeans had been looking for a way to address two conundrums simultaneously: the dollar’s privileged position in the international monetary system, and Germany’s persistent current account surpluses in Europe. The Euro was created under a politically independent central bank to meet the primary goal of price stability. But while the monetary side of union was clearly conceived, other prerequisites of stability were beyond the reach of technocratic central bankers. Issues such as fiscal rules and Europe-wide banking supervision and regulation were thoroughly discussed during planning in the late 1980s and 1990s, but remained in the hands of member states. That omission proved to be a cause of crisis decades later. Here is an account that helps readers understand the European monetary crisis in depth, by tracing behind-the-scenes negotiations using an array of sources unavailable until now, notably from the European Community’s Committee of Central Bank Governors and the Delors Committee of 1988–89, which set out the plan for how Europe could reach its goal of monetary union. As this foundational study makes clear, it was the constant friction between politicians and technocrats that shaped the Euro. And, Euro or no Euro, this clash will continue into the future.

Author : Lars Magnusson
Publisher : Peter Lang Publishing
Page : 504 pages
File Size : 34,10 MB
Release : 2001
Category : Business & Economics
ISBN :

GET BOOK

The aim of this book is to explore the preconditions of a European political economy. The establishment of the monetary union and the European Central Bank constitutes a major step towards greater economic, social and political integration between the Member States of the European Union, and is therefore a momentous event in European history. What do the historically given preconditions of a European political economy mean in practice and theory in terms of future possibilities? With a historical perspective on European monetary integration, from the strains in the dollar-based Bretton Woods order in the 1960s and earlier, the Werner Plan around 1970, and the internal market in the 1980s to the Maastricht Treaty in 1992, future prospects of EMU are discussed. The book is based on the reflections of a working group at the European University Institute in Florence in operation from 1999 to 2001. The fifteen chapters are organised in clusters on the historical and conceptual setting, on financial institutions and economic theory, on social practices and legal framework, and on future prospects. Historians, philosophers, economists, political scientists and sociologists contribute to this interdisciplinary attempt to come to terms with both the preconditions and the prospects of EMU. Contents: Lars Magnusson/Bo Strath: From the Werner Plan to the EMU: In Search of a European Political Economy. Historical Perspectives and Future Prospects--Hubert Zimmermann: The Fall of Bretton Woods and the Emergence of the Werner Plan--Amy Verdun: The Political Economy of the Werner and Delors Reports: Continuity amidst Change or Change amidst Continuity?--David Purdy: Economic Theory and Policy from theKeynesian Revolution to the Third Way--J. Peter Burgess/Bo Strath: Money and Political Economy: From the Werner Plan to the Delors Report and Beyond--Lars Magnusson/Jan Ottosson: The Political Transaction Costs of the Convergence Criteria--The EMU Compromise for the Delors Committee to Maastricht--Sheila C. Dow: The ECB, Banking, Monetary Policy and Unemployment--Roger Hammersland: - We are arrogant because we are good--A Critical Appraisal of Central Banking versus Fiscal Policy in Accomplishing the Community Wide Convergence of the 1980s and 1990s--Ole Bjorn Roste: Labour Markets and the EMU: The Cases of Norway and Sweden--Barbara MacLennan: Finance, Gender and Structural Change in the European Union--Ulrike Liebert: Constructing EMU: Euro-Scepticism and the Emerging European Public Space--Diamond Ashiagbor: EMU and the Shift from a - Social Policy Agenda to an - Employment Policy Agenda in European Labour Law--Ton Notermans: The Werner Plan as a Blueprint for EMU?--Jos de Beus: Are Third Way Social Democrats Friends or Enemies of European Integration? A Tocquevillian Tale on the Politics of Administration--David Purdy: Welfare Reform, Social Citizenship and European Integration--Robert Salais: Filling the Gap between Macroeconomic Policy and Situated Approaches to Employment. A Hidden Agenda for Europe?--Lars Magnusson/Bo Strath: Postscript."

Author : Hanspeter K. Scheller
Publisher :
Page : 229 pages
File Size : 13,16 MB
Release : 2006
Category : Banks and banking, Central
ISBN : 9789289900270

GET BOOK

Comprehensive 200-page overview of the ECB from its inception in June 1998 until the present day.