Tackling the alphabet soup of European Union treaties, structures, and policies, this straightforward introduction demystifies the European Economic and Monetary Union (EMU). Hosli first traces the history of monetary integration in Western Europe and discusses the political and economic factors that led ultimately to the establishment of EMU and the euro. Then, in language accessible to the nonspecialist, she explains how it actually works. Ranging from institutions to performance to the impact of the euro both within Europe and on the international monetary system, she provides a welcome primer on this new phenomenon in the global political economy.
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"An excellent concise introduction to the origins and workings of the euro. It is a must-read for all those who want to know more about the currency that might one day rival the U.S. dollar." - Amy Verdun, Jean Monnet Chair, University of Victoria "Hosli succinctly explains all of the key issues necessary to understanding the origins of EMU, the current debates, and the future implications of the euro project. This book is an important contribution to all those who teach about the European Union." - Peter H. Loedel, West Chester University"
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