Monetary politics
Subtitle: exchange rate cooperation in the European Union
By: Thomas H. Oatley.
Series: Michigan studies in international political economy
Publisher: University of Michigan Press
Published: 1997
Place of publication: Ann Arbor
Language: eng
Number of pages: 222
Subjects: Monetary policy -- European Union countries.; Foreign exchange rates -- European Union countries.
Description: A Single Currency - and the necessary prior condition of exchange rate cooperation and the stabilization of exchange rates - has been an elusive goal of many European leaders for more than twenty years. While much of the literature on exchange rate cooperation within the European Union focuses on the integration of national economies as the driving force, Thomas Oatley draws on public choice models to develop an explanation of exchange rate cooperation based in domestic politics.

The author then tests hypotheses derived from this model in a detailed consideration of the various efforts to stabilize currencies since the 1970s.
Notes: Includes bibliographical references and index.
Table of contents: title: Explaining exchange rate cooperation in the European Union; title: A model of nominal exchange rate cooperation; title: Explaining the creation of the European monetary system; title: Explaining variation in nominal exchange rate stability: the domestic politics and capital mobility hypotheses; title: Exploring French and Italian "exceptionalism": implementing monetary restriction in the EMS; title: Explaining the evolution of the European monetary system; title: Exchange rate cooperation in the European Union.