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EuroTragedy
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EuroTragedy: A Drama in Nine Acts

Ashoka Mody

Abstract

In May 1950, five years after the second of two catastrophic wars, European nations began building a magnificent structure of institutional cooperation and open trade borders to secure peace and prosperity. Then, in 1969, they took an astonishingly ill-advised leap towards a single currency—requiring a single monetary policy for vastly divergent economies. This was economic folly, critics untiringly warned. Worse, it carried the seeds of political division. Europe’s leaders went forward unheeding, and in January 1999, the tragedy of the euro began. This vivid and compelling chronicle describes ... More

Keywords: economic integration, monetary union, euro, Europe, integration, European project, currency

Bibliographic Information

Print publication date: 2018 Print ISBN-13: 9780199351381
Published to Oxford Scholarship Online: May 2018 DOI:10.1093/oso/9780199351381.001.0001

Authors

Affiliations are at time of print publication.

Ashoka Mody, author
Charles and Marie Robertson Visiting Professor in International Economy Policy, Woodrow Wilson School, Princeton University; Former Deputy Director of the Research and European Departments, International Monetary Fund, Washington, DC