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A comprehensive, concise--and unique--examination of the history of European monetary integration since the end of World War II, and how this fits into the anticipated economic and monetary union and closer political cooperation of European countries.
Now in a fully revised and updated edition, this book remains the standard for concise histories of the European Union. Mark Gilbert offers a clear and balanced narrative of European integration since its inception to the present, set in the wider history of the post-war period. Gilbert concludes by considering the Union’s future in light of the mood of crisis that has taken hold in the EU in the aftermath of the global recession, the refugee crisis, and Brexit. Listen to a New Books Network interview with the author at https://newbooksnetwork.com/hosts/profile/4c7e90cb-b33e-4121-99fb-9813f2889437.
The clearest and most up-to-date account of the achievements—and setbacks—of the European Union since 1945. Europe has been transformed since the Second World War. No longer a checkerboard of entirely sovereign states, the continent has become the largest single-market area in the world, with most of its members ceding certain economic and political powers to the central government of the European Union. This shift is the product of world-historical change, but the process is not well understood. The changes came in fits and starts. There was no single blueprint for reform; rather, the EU is the result of endless political turmoil and dazzling bureaucratic gymnastics. As Brexit demonstrates, there are occasional steps backward, too. Cutting through the complexity, Richard Pomfret presents a uniquely clear and comprehensive analysis of an incredible achievement in economic cooperation. The Economic Integration of Europe follows all the major steps in the creation of the single market since the postwar establishment of the European Coal and Steel Community. Pomfret identifies four stages of development: the creation of a customs union, the deepening of economic union with the Single Market, the years of monetary union and eastward expansion, and, finally, problems of consolidation. Throughout, he details the economic benefits, costs, and controversies associated with each step in the evolution of the EU. What lies ahead? Pomfret concludes that, for all its problems, Europe has grown more prosperous from integration and is likely to increase its power on the global stage.
Presenting a sweeping analysis of the legal foundations, institutions, and substantive legal issues in EU monetary integration, The EU Law of Economic and Monetary Union serves as an authoritative reference on the legal framework of European economic and monetary union. The book opens by setting out the broader contexts for the European project - historical, economic, political, and regarding the international framework. It goes on to examine the constitutional architecture of EMU; the main institutions and their legal powers; the core legal provisions of monetary and economic union; and the relationship of EMU with EU financial market and banking regulation. The concluding section analyses the current EMU crisis and the main avenues of future reform.
This book introduces the fundamental monetary law problems of cross-border economic activity and the solutions thereto in international monetary law, and in EU law. After decades of having been neglected by legal scholars, international and European monetary law has attracted increasing attention in recent years. With the European Economic and Monetary Union (EMU), a full-fledged monetary union between sovereign States has been established for the first time in history. Its construction is primarily a work of law, with the Treaties on European Union (TEU) and on the Functioning of the European Union (TFEU) together with a number of protocols forming the constitutional basis. Yet, European monetary Integration has never taken place in isolation from international developments. Moreover, international monetary law, namely the Articles of Agreement of the International Monetary Fund (IMF) has always played a role - initially as the external monetary addition to the internal market project, after the breakdown of the Bretton Woods System in the 1970s as one of the major driving forces for monetary Integration within the EU. On a fundamental basis, international and European monetary law address the same principled problems of monetary cooperation: how to proceed with financial transactions cross-border where no global currency exists. The present work describes the different approaches and relations and interplay between the two legal regimes.
“An informative, well-paced, and clearly articulated narrative of the European Union’s development” (Jennifer Yoder, Colby College). This brief and accessible introduction to the European Union is ideal for anyone who needs a concise overview of the structure, history, and policies of the EU. This updated edition includes a new chapter on the sovereign debt crisis in the Eurozone. Andreas Staab offers basic terms and interpretive frameworks for understanding the evolution of the EU; the overall structure, purpose, and mandate of its main constituent divisions; and key policy areas, such as market unification and environmental policy. “Readers in America and Europe alike will benefit from the very considerable expertise revealed in these pages.” —Hugh Dykes, House of Lords, Liberal Democrat Spokesperson on the European Union “A fine introduction to the European Union and will appeal to a range of collections, from political science and business holdings to college-level collections strong in the media.” —Midwest Book Review
This shorter text provides a complete overview of European economic and monetary integrationand investigates the euro's impact on Europe and the rest of the global economy. It takes anintuitive approach to explaining the complicated issues regarding the formation of the EMUand the introduction of the euro.
The new edition of this accessible introduction to the history of the European Union (EU) has been fully revised and updated to reflect the significant changes within the EU over the past decade. The book is ideal introductory reading for those new to the study of the EU who want a concise and up-to-date account of the political and economic development of the EU.
This revised, expanded and updated second edition of John McCormick's Understanding the European Union provides a broad ranging but concise introduction to the EU. Rather than focusing just on the politics or the economics of the EU or on detailed coverage of its institutions and/or policies, the author covers all major aspects of European integration combining a clear and accessible thematic narrative with boxed summaries of a wide range of essential facts and figures.
John Pinder and Simon Usherwood explain the EU in plain readable English. They show how and why it has developed, how the institutions work, and what it does - from the single market to the euro, and from agriculture to the environment.