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The State of the European UnionRisks, Reform, Resistance, and Revival$
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Maria Green Cowles and Michael Smith

Print publication date: 2000

Print ISBN-13: 9780198297574

Published to Oxford Scholarship Online: November 2003

DOI: 10.1093/0198297572.001.0001

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European Monetary Union and the New Political Economy of Adjustment

European Monetary Union and the New Political Economy of Adjustment

Chapter:
(p.127) 7 European Monetary Union and the New Political Economy of Adjustment
Source:
The State of the European Union
Author(s):

Erik Jones

Publisher:
Oxford University Press
DOI:10.1093/0198297572.003.0007

This chapter examines how the creation of the Economic and Monetary Union (EMU) spawned a new political economy of adjustment in Europe. It is argued that the EMU is changing how Europeans adjust to other economic developments. These changes in European patterns of adjustment will affect the stability of the EMU.

Keywords:   Economic and Monetary Union, economic adjustment, political economy

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