EAN: 9783319592466

MONETARY INTEGRATION IN EUROPE - HORST TOMANN G...

This book provides a fully revised and up-to-date analysis of the Economic and Monetary Union
(EMU). With four entirely new chapters on responses to the financial crisis and the debate on
reform options  Tomann assesses the EMU in comparison with other currency regimes through the
adoption of a historical analysis. The book discusses in detail basic issues with currency and
comprehensively analyzes monetary policy  highlighting problems of policy coordination. Tomann
explores new monetary institutions that have been established in response to the financial
crisis  before addressing long-term issues and reviewing reform proposals. By focusing on
monetary issues the book offers a better understanding of macroeconomic policies and
international policy cooperation  and  by extension  provides a thorough economic assessment of
the EMU as an institution as it stands today.

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