The Future of the Euro Matthias Matthijs’ is a study book on the political and economic causes of the euro crisis and the possible future of the euro. This work is intended for policymakers, students, and professionals seeking insight into the complex dynamics of the eurozone and the political factors that affect the currency.
Contents
The book examines why the euro suffers from fundamental institutional shortcomings. These arise because three important unions within the monetary system are missing: a financial and banking union, a fiscal union with supporting economic institutions, and a political union with comparable legitimacy to the member states. The analysis highlights how this incomplete setup led to economically diverging developments within the EU, which in turn determined crisis policy. At the center are the experiences of Germany, France, Italy, and Spain, and how these countries deal with the obligations that the euro entails. Finally, the book offers perspectives on various scenarios for the future of the euro, including Germany’s role, the EU’s resilience to crises, and the global monetary system.
Product specifications
- Author: Matthias Matthijs (Assistant Professor International Political Economy, Johns Hopkins University-SAIS)
- Publisher: Oxford University Press Inc
- Publication date: 2015-04-30
- Number of pages: 368
- ISBN: 9780190233242
- Theme: Monetary economics
- BISAC: BUSINESS & ECONOMICS / Money & Monetary Policy
About the author
Matthias Matthijs is an Assistant Professor of International Political Economy at Johns Hopkins University-SAIS. He studies the political economy of European integration and international monetary policy.