Title: Adjusting to EMU /
Authors: Ardy, Brian.
Publisher: Palgrave Macmillan,
Year: 2006
Subjects: Economic and Monetary Union.; European Union; Europe Economic integration.; European Union countries Economic conditions.; European Union countries Economic policy.
Abstract: "This book provides an original and wide-ranging analysis of the impact of Economic and Monetary Union (EMU) on economic governance in the EU and in several key Member States within and outside the Euro area. Its emphasis is on adaptation: how EMU encourages change in national and EU institutions and in national economic regimes. It assesses how the current euro area members coped with the early years of EMU and explores the challenges for future EMU members, bringing together economic, political science and legal perspectives."--Jacket.
Contents: Introduction -- Macroeconomic policy in EMU -- The EMU constitution -- Policy coordination under EMU -- Structural policies as means of adjusting under EMU -- The early years of EMU : convergence, but uneven adjustment -- Germany : painfully adjusting to EMU? -- Ireland : adjusting to life in the euro area without the United Kingdom -- Finland : membership to encourage change -- Sweden : not now or not ever? -- The United Kingdom : prospering outside the euro area? -- The new members : big bang or slow transition to stage 3? -- Adjusting to EMU : conclusions and policy implications.