Economic Thought and the Making of European Monetary Union
Selected Essays of Ivo Maes
Published on 26. February 2002
Book
Hardback
224 pages
978-1-84064-800-3 (ISBN)
Description
This valuable book examines the interaction between economic ideas and the policy-making process in Europe, centred around the creation of European Monetary Union. The essays cover three broad areas: early debates on European monetary integration, economic thought at the European Community institutions, and the establishment of Economic and Monetary Union (EMU) in Europe. Core elements of the book are analyses of Europe's quest for exchange rate stability and of the debates on the nature of EMU and the path towards it. With the aid of crucial case studies, Ivo Maes goes on to chart the growing awareness among policymakers of the increasing interdependence between Europe's economies and the rise of a new medium-term, stability-oriented policy conception - both vital and necessary factors in the genesis of EMU.
Drawing on the extensive experience of the author, both as an academic and a senior official involved in European economic policy-making, this book undoubtedly contributes towards a better understanding of the role of economic ideas in the process of European monetary integration. It will be an important addition to the literature on EMU and will be required reading for scholars and policymakers in the fields of economics, European studies and the history of economic thought.
Drawing on the extensive experience of the author, both as an academic and a senior official involved in European economic policy-making, this book undoubtedly contributes towards a better understanding of the role of economic ideas in the process of European monetary integration. It will be an important addition to the literature on EMU and will be required reading for scholars and policymakers in the fields of economics, European studies and the history of economic thought.
Reviews / Votes
'Maes has written a valuable and readable book, proving the value of having historians of economics write about contemporary macroeconomic policy debates.' -- Robert W. Dimand, Research in the History of Economic Thought and Methodology '. . . Ivo Maes's essays on European monetary integration are of particular value because of the importance of the issues involved, which are so sensitive politically, and from the standpoint of national sovereignty. Here, as elsewhere, Maes's combination of historical knowledge and analytical insight will be helpful to students of all ages and to intelligent laymen seeking to understand how we got where we are.' -- From the foreword by A.W. Coats, University of Nottingham, UK and Duke University, US '. . . This volume offers a very useful contribution to the dialogue between the academic community and the world of European economic policy-making . . . By highlighting crucial forces in the integration process, it comes into the area where history borders on, and flows over into, a more prospective analysis.' -- From the foreword by G. Quaden, Governor of the National Bank of Belgium, Member of the Governing Council of the European Central BankMore details
Language
English
Place of publication
Cheltenham
United Kingdom
Target group
College/higher education
Professional and scholarly
Dimensions
Height: 234 mm
Width: 156 mm
ISBN-13
978-1-84064-800-3 (9781840648003)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Person
Ivo Maes, Deputy Head, Research Department, National Bank of Belgium, Brussels, Professor, University of Leuven and ICHEC, Brussels, Belgium. He was formerly an Administrator, Commission of the European Communities, and a Visiting Professor, Duke University, US
Content
Contents: Foreword by G. Quaden Foreword by A.W. Coats Introduction Part I: Early Debates on European Monetary Integration 1. State and Market Post-war Integration Theory 2. Optimum Currency Area Theory and European Monetary Integration 3. Monetary Integration Debates in the 1970s Part II: Economic Thought at the European Community Institutions 4. The Development of Economic Thought at the European Community Institutions 5. Macroeconomic Thought at the European Commission in the 1970s: The First Decade of the Annual Economic Reports 6. Macroeconomic Thought at the European Commission in the First Half of the 1980s Part III: The Making of European Monetary Union 7. EMU From a Historical Perspective Index