Eurobondage: The Political Costs of Monetary Union in Europe

Author:   Jonathon Moses
Publisher:   ECPR Press
ISBN:  

9781785521768


Pages:   238
Publication Date:   20 August 2019
Format:   Paperback
Availability:   In Print   Availability explained
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Eurobondage: The Political Costs of Monetary Union in Europe


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Overview

This book examines the political costs of monetary union in Europe. It does so by gauging the degree to which four small European states - Iceland, Latvia, Hungary and Ireland - employed their monetary policies in response to the financial crisis. Contrary to popular and academic perception, Moses finds that small states in Europe still enjoy monetary policy autonomy, and this autonomy was used to prioritise the needs of domestic constituents over those of international markets. Eurozone member states, by contrast, pursued policies that prioritised the (long-term) needs of international lenders and European institutions, at the (short-term) expense of their own constituents. By illustrating the degree to which monetary policy autonomy still plays an effective role in responding to economic shocks, this book documents the substantial sacrifices that states have made in joining a suboptimum currency area. These are the political costs of monetary union in Europe.

Full Product Details

Author:   Jonathon Moses
Publisher:   ECPR Press
Imprint:   ECPR Press
Dimensions:   Width: 15.40cm , Height: 1.80cm , Length: 21.80cm
Weight:   0.358kg
ISBN:  

9781785521768


ISBN 10:   1785521764
Pages:   238
Publication Date:   20 August 2019
Audience:   Professional and scholarly ,  Professional & Vocational
Format:   Paperback
Publisher's Status:   Active
Availability:   In Print   Availability explained
This item will be ordered in for you from one of our suppliers. Upon receipt, we will promptly dispatch it out to you. For in store availability, please contact us.

Table of Contents

Table of Contents List of Figures and Tables xi List of Abbreviations xv Preface and Acknowledgements xix Chapter One – Bound to the Mast 1 Chapter Two – The Political Costs of Monetary Union 17 Chapter Three – Debt and Distribution 37 Chapter Four – Iceland 59 Chapter Five – Ireland 87 Chapter Six – Latvia 117 Chapter Seven – Hungary 147 Chapter Eight – Conclusion 171 References 185 Index 205

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Author Information

Jonathon W. Moses is a professor of political science at the Norwegian University of Science and Technology (NTNU), where he has taught since 1993. Moses has published several books including Emigration and Development (2011), Ways of Knowing (2007), International Migration: Globalization’s Last Frontier (2006), and Norwegian Catch-up: Development and Globalization before World War II (2005). Jonathon Moses is a co-editor of European Political Science (EPS). Among his research interests are globalization, international migration, social democracy, and the European Union. His articles have appeared in World Development, The Journal of Common Market Studies, and Politics and Society.

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