The Political Economy of Monetary Union

This book places the whole issue of monetary union in its wider political economic context. The authors discuss:* the effect of EMU on fiscal and monetary policies* Central bank independence* the impact of EMU on unemployment* ERM II* international perspectives.Drawing on their experience in the European financial markets, the authors use a non-technical approach to discuss these issues - both in a general european sense and more specifically, Germany, the UK and Italy.