Introduction: the political and institutional deficits of European Monetary Union / Colin Crouch -- The unanticipated fallout of European Monetary Union: the political and institutional deficits of the euro / Robert Boyer -- The political economy of European Union financial integration: the battle of the systems / Jonathan Story -- Who wins and who loses in the City of London from the establishment of European Monetary Union / Leila Talani -- The joy of flux: what Europe may learn from North America's preference for national currency sovereignty / Stephen Clarkson -- Policies, institutions, and the euro: dilemmas of legitimacy / Amy Verdun and Thomas Christiansen -- The role and status of the European Central Bank: some proposals for accountability and cooperation / Christopher Taylor -- National wage determination and European Monetary Union / Colin Crouch -- Fiscal federalism and the reality of the European Union budget / Gabriele Tondl
Summary
Now that the process of full implementation of European Monetary Union has begun, it is time to shift attention away from the process of introduction to the implications that the common currency will have for a wide range of institutions and policy areas. The wider political and social institutions of the European Union are not well developed there is an institutional deficit which parallels the more widely know democratic deficit. Monetary arrangements of nation states areimbedded in a range of political, cultural, economic and historical factors. Will mechanisms of these kinds eventually dev
Bibliography
Includes bibliographical references (pages 257-273) and index
