Joining Europe's Monetary Club: The Challenges for Smaller Member States

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The often complex topic of economic unification in Europe is tackled in this new coedited volume. Focusing particularly on the issues facing smaller countries on the continent, Joining Europe's Monetary Club provides unique insights into the impact that European monetary union (EMU) has had on each country's national agenda. The collection offers a detailed analysis of preparations for EMU membership in nine countries and reveals the importance of monetary mergence as a policy instrument at the national level. Together the essays show how the success of EMU depends as much upon how well it serves national objectives as upon how much it benefits the whole of Europe. Given the wide diversity of institutions across member states, Joining Europe's Monetary Club is essential reading for anyone interested in knowing whether EMU will happen, and, if so, how successful it will be.
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Product Details

  • ISBN-13: 9780333746387
  • Publisher: Macmillan Publishers Limited
  • Publication date: 4/28/1998
  • Pages: 258

Table of Contents

List of Tables and Figures
Introduction. EMU and the Smaller Member States 1
1 Austria 19
2 Belgium: Keeping Up with the Pack? 43
3 Denmark: From External to Internal Adjustment 61
4 Finland and EMU 83
5 Greece and EMU 105
6 The Political Economy of EMU in Ireland 123
7 The Netherlands: Top of the Class 149
8 Portugal toward EMU: A Political Economy Perspective 171
9 Sweden and EMU 203
Conclusion: The Political Economy of EMU: A Small Country Perspective 225
A Note on Data Sources and References 235
References 237
Index 255
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