Completing a Genuine Economic and Monetary Union

This Element examines whether a decade of reforms has enabled the euro to become a more complete and resilient currency.

Iain Begg (Author)

9781108965552, Cambridge University Press

Paperback / softback, published 23 February 2023

75 pages
22.9 x 15.2 x 0.5 cm, 0.147 kg

This Element examines efforts to strengthen Economic and Monetary Union in the European Union, especially over the last decade, asking if enough has been done to render it more sustainable and resilient. Drawing on a survey of 111 leading experts on the economics and politics of EMU, this Element reviews the wide-ranging reforms undertaken since the crises of the early 2010s and assesses whether they go far enough. Although it concludes that much has been done to push the euro towards being a more complete currency, it identifies remaining flaws and challenges which EU leaders need to resolve.

1. Introduction
2. Was the EMU project wise?
3. Defining a complete and genuine economic and monetary union
4. The euro in its third decade: from crisis to serenity…and back?
5. The broadening EMU governance framework assessed
6. The findings of the survey are revealing
7. Unfinished business
8. Conclusions
References
Annex I.

Subject Areas: International economics [KCL]