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The Politics of Economic and Monetary Union - Petri Minkkinen

The Politics of Economic and Monetary Union

By: Petri Minkkinen (Editor), Heikki Patomaki (Editor)

Hardcover Published: 30th November 1997
ISBN: 9780792380412
Number Of Pages: 250

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If the plans concerning EMU will be realised, by 2002 national currencies will be replaced by the Euro and national central banks will be partially replaced by the European Central Bank. The Politics of Economic and Monetary Union starts with the argument that EMU is more a political than an economic project. It develops this theme by addressing five different questions.
First, precisely what is the general role of EMU in the globalising political economy? Second, how EMU will change the power relations and the relationship between `political' and `economic'? Third, what effects will EMU have on generally accepted values - including for example efficiency, self-determination, and democracy? Fourth, how does the EMU-related politics of symbols - including money - take part in constructing political identities? And last, but certainly not least, what effects EMU will have on the social and political dimension of the Union and thus also on its legitimacy?
The politics of EMU includes many dimensions. The book tries to explain the hegemony of the neoliberal and German vision of Europe in the context of recent development in the global political economy. It assesses the consequences of this hegemony and the possibility for alternatives from a variety of perspectives. In many chapters, it is also argued that the legitimation problems of the Union may turn into an acute crisis also because of EMU. We should expect an actualised crisis to lead to a transformation of the Union.

Introduction: The Politics of Economic and Monetary Unionp. 7
The Political Aspects of Economic and Monetary Union: A View from Brusselsp. 19
The Independence of the European Central Bank: Implications for Democratic Governancep. 55
The Role of "Ideas" in Dutch, Danish and Swedish Economic Policy in the 1980s and the Beginning of the 1990sp. 76
Identity Politics in the European Union: The Case of Economic and Monetary Union (EMU)p. 105
Economic and Monetary Union and the Crisis of European Social Contractsp. 133
EMU and the Legitimation Problems of the European Unionp. 164
An Emu or an Ostrich? EMU and Neo-Liberal Economic Integration; Limits and Alternativesp. 207
Conclusions: Dialectics of the Multi-faced EMUp. 232
Indexp. 242
Table of Contents provided by Syndetics. All Rights Reserved.

ISBN: 9780792380412
ISBN-10: 079238041X
Audience: Professional
Format: Hardcover
Language: English
Number Of Pages: 250
Published: 30th November 1997
Country of Publication: NL
Dimensions (cm): 23.39 x 15.6  x 1.6
Weight (kg): 0.54