The Euro and the Battle of Ideas

Brunnermeier, Markus K.; James, Harold; Landau, Jean-Pierre

ISBN 10: 0691172927 / ISBN 13: 9780691172927

Verlag: Princeton University Press, 2016

PLEASE NOTE: FORMER LIBRARY COPY. MAY HAVE IDENTIFYING MARKS, STAMPS AND/OR STICKERS, ETC. Former Library book. hardcover 100% of proceeds go to charity! Acceptable reading copy with obvious signs of use, wear, and/or cosmetic issues. Item is complete and remains readable despite notable condition issues. Bestandsnummer des Verkäufers Z-003-3219

Inhaltsangabe:

Why is Europes 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 Europes 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.

Über die Autorin bzw. den Autor: Markus K. Brunnermeier is the Edwards S. Sanford Professor of Economics at Princeton University and Director of Princeton's Bendheim Center of Finance. Harold James is professor of history and international affairs and the Claude and Lore Kelly Professor of European Studies at Princeton University. Jean-Pierre Landau is former deputy governor of the Banque de France and associate professor of economics at Sciences Po in Paris.

Bibliografische Details

Titel: The Euro and the Battle of Ideas
Verlag: Princeton University Press
Erscheinungsdatum: 2016
Einband: Hardcover
Zustand: Acceptable