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The Road to Monetary Union in Europe

The Emperor, the Kings, and the Genies

Bibliographic Data

ID9821576
AuthorsRichard N Cooper (corresponding author), Tommaso Padoa-Schioppa, Tommaso Padoa‐Schioppa
Year1995
Volume74
Issue3
Pages171
Publication date1995-01-01
Peer ReviewedYes
Open AccessNo
TypeARTICLE
VenueForeign Affairs (JOURNAL)
Journal identifiersISSN: 0015-7120 • E-ISSN: 2327-7793
PublisherJSTOR (PUBLISHER)
DOI10.2307/20047144
OpenAlexW2042280548
LanguageEN
Citations received8

This book provides an indispensable guide to the economic, political and diplomatic process that led to the creation of the European single market and the signing of the Maastricht Treaty. In this new, expanded edition Padoa-Schioppa presents a lucid assessment of the opportunities and risks that EMU entailed; assesses the economic, monetary, political, and institutional significance of the euro; and reconsiders the rationale and underlying philosophy of EMU in the light of recent developments. Padoa-Schioppa has brought together a selection of his papers and speeches, covering 1982-94, from his work as Deputy Director General of the Banca d'Italia, and has edited them thoroughly to illuminate the recent history of European integration. A central theme of his book is the belief that a group of sovereign countries cannot for long sustain free trade, unrestricted capital movement, fixed exchange rates and full autonomy of national macroeconomic policies, and so need to move towards a single currency. He discusses extensively such issues as the single currency, the tasks of a European central bank, the ECU, the role of budgetary rules, currency competition, and the relationship between EMU and political union. The author has created an insider's guide to this topical issue for students, academics, policymakers and commentators alike. This book contains extracts from documents and an extensive chronology which will be of particular use for readers

Ancient history · Economic history · Economics · Economy · Emperor · Political science · European Monetary and Fiscal Policies · Global Financial Crisis and Policies · History

  • Discipline or international balance

    Open Access•Jonas Ljungberg, Anders Ögren•European Journal of the History…•2022

  • Italy and EMU as a 'Vincolo Esterno

    Kenneth Dyson, Kevin Featherstone•South European Society & Politics•1996

  • Managed globalization

    Rawi Abdelal, Sophie Meunier•Journal of European Public Policy•2010

  • Economic and monetary union

    David R Cameron, David Cameron•Journal of European Public Policy•1997

  • Schrödinger’s off-balance-sheet fiscal agency

    Open Access•Friederike Reimer, Andrei Guter-Sandu et al.•Journal of European Integration•2026

  • Explaining Europe’s Monetary Union

    Open Access•Tal Sadeh, Amy Verdun•International Studies Review•2009

  • Economic and Monetary Union and the Social Divide in France

    Open Access•Bernard H Moss•Contemporary European History•1998

  • EMU and political union revisited

    Dermot Hodson•Journal of European Integration•2020

Unique citing works8
Citations per year0.27
Citation span1996 - 2026 (31)
Citation velocitycurrent
Highly citedNo
Citation typesNeutral: 8

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