TY  - BOOK
AU  - Schelkle,Waltraud
TI  - The Political economy of monetary solidarity: understanding the Euro experiment 
SN  - 0198717938
AV  - HG930.5 .S33 2017
U1  - 332.494 22
PY  - 2017///
CY  - Oxford, United Kingdom
PB  - Oxford University Press
KW  - Economic and Monetary Union
KW  - Monetary policy
KW  - European Union countries
KW  - International economic integration
KW  - Political aspects
KW  - Economic integration
KW  - Europe
N1  - Includes bibliographical references (pages 331-366) and index
N2  - 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
UR  - http://dx.doi.org/10.1093/acprof:oso/9780198717935.001.0001
ER  -