The Political economy of monetary solidarity : understanding the Euro experiment / Waltraud Schelkle.
Material type: TextPublication details: Oxford, United Kingdom : Oxford University Press, 2017.Description: xii, 370p. : illustrations ; 24cmContent type:- text
- unmediated
- volume
- 0198717938
- 9780198717935
- 332.494 SCH 22
- HG930.5 .S33 2017
Item type | Current library | Call number | Status | Date due | Barcode | Item holds | |
---|---|---|---|---|---|---|---|
Book | Calcutta | 332.494 SCH (Browse shelf(Opens below)) | Available | IIMC-0145996 | |||
Book | Calcutta | 332.494 SCH (Browse shelf(Opens below)) | Available | IIMC-0145630 |
Includes bibliographical references (pages 331-366) and index.
This book offers an explanation of how the euro experiment came about and was sustained despite a severe crisis, and provides a comparison with the monetary-financial history of the US. This book argues that diversity of membership is not an economic obstacle to the success of the euro, as diversity increases the potential gains from risk sharing. But political cooperation is needed to realize this potential, and such cooperation is up against collective action problems which become more intractable as the parties become more diverse.
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