The Currency of Ideas

副标题: Monetary Politics in European Union

ISBN: 9780801486029

出版社: Cornell Univ Pr

出版年: 1999-1

页数: 208

定价: $24.95

装帧: Paperback

内容简介

Why have the states of Europe agreed to create an Economic and Monetary Union (EMU) and a single European currency? What will decide the fate of this bold project? This book explains why monetary integration has deepened in Europe from the Bretton Woods era to the present day. McNamara argues that the development of a neoliberal economic policy consensus among European leaders in the years after the first oil crisis was crucial to stability in the European Monetary System and progress towards EMU. She identifies two factors, rising capital mobility and changing ideas about the government's proper role in monetary policymaking, as critical to the neoliberal consensus but warns that unresolved social tensions in this consensus may provoke a political backlash against EMU and its neoliberal reforms.

McNamara's findings are relevant not only to European monetary integration, but to more general questions about the effects of international capital flows on states. Although this book delineates a range of constraints created by economic interdependence, McNamara rejects the notion that international market forces simply dictate government policy choice. She demonstrates that the process of neoliberal policy change is a historically dependent one, shaped by policymakers' shared beliefs and interpretations of their experiences in the global economy.

作者简介

Kathleen McNamara is an Associate Professor of Government and Foreign Service at Georgetown University. She is an expert on the politics of international economic relations, specializing in the European Union, the Euro and the European Central Bank. She is the author of "The Currency of Ideas: Monetary Politics in the European Union" (Cornell University Press, 1998), co-editor of "Making History: European Integration and Institution Change at Fifty" (Oxford University Press, 2007) and has published numerous essays on globalization, economic institutions, and the role of norms and culture in policymaking.

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