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The European Monetary Union

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  • Acocella,Nicola

Abstract

The European Union is at a crossroads. This book analyzes the historical roots of the EU's monetary and financial institutions in order to better understand its struggle to maintain an economic and monetary union, as well as the ongoing problems facing the Euro. The institutions of the EU are based on the operation of free markets, a common monetary policy, and the European Central Bank. These founding policies have created many of the imbalances at the root of the ongoing European recession. Reemerging threats of populism and localism are poised to further disintegrate the European construction and may spark fierce opposition between countries. Acocella engages with these risks, suggesting detailed actions for reform within the EU and its institutions that may steer it away from further conflict, allowing it to better serve its member states and citizens.

Suggested Citation

  • Acocella,Nicola, 2020. "The European Monetary Union," Cambridge Books, Cambridge University Press, number 9781108840873.
    • Handle: RePEc:cup:cbooks:9781108840873
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    Cited by:

    1. Peter Gottfried, 2021. "Thoughts on the Dilemma of When to Introduce the Euro in Hungary," Financial and Economic Review, Magyar Nemzeti Bank (Central Bank of Hungary), vol. 20(3), pages 110-126.
    2. Acocella, Nicola, 2020. "To Exit or not to Exit (from the EMU)?," Economia Internazionale / International Economics, Camera di Commercio Industria Artigianato Agricoltura di Genova, vol. 73(1), pages 1-20.

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