The Euro and the Battle of Ideas

Name: The Euro and the Battle of Ideas
Brand: Princeton Univers. Press
SKU: 9780691172927-N
Price: 8.49 EUR
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By Brunnermeier, Markus K.

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Description

Why is Europe's great monetary endeavor, the Euro, in trouble? A string of economic difficulties in Greece, Ireland, Spain, Italy, and other Eurozone nations has left observers wondering whether the currency union can survive. In this book, Markus Brunnermeier, Harold James, and Jean-Pierre Landau argue that the core problem with the Euro lies in the philosophical differences between the founding countries of the Eurozone, particularly Germany and France. But the authors also show how these seemingly incompatible differences can be reconciled to ensure Europe's survival. As the authors demonstrate, Germany, a federal state with strong regional governments, saw the Maastricht Treaty, the framework for the Euro, as a set of rules. France, on the other hand, with a more centralized system of government, saw the framework as flexible, to be overseen by governments. The authors discuss how the troubles faced by the Euro have led its member states to focus on national, as opposed to collective, responses, a reaction explained by the resurgence of the battle of economic ideas: rules vs. discretion, liability vs. solidarity, solvency vs. liquidity, austerity vs. stimulus.

Product details

Edition:: illustrated
Number of Pages:: 448
Release Date:: 2016-09-13
Publication Date:: 2016-09-13
Publisher:: Princeton Univers. Press
Languages:: Published: English, Original: English
ISBN10:: 0691172927
ISBN13:: 9780691172927
Weight:: 765 g
Height:: 23.6 cm
Width:: 15.2 cm
Thickness:: 3.3 cm

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