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Money and Power in Europe

Money and Power in Europe : The Political Economy of European Monetary Cooperation. 欧州における通貨と権力-欧州通貨協力の政治経済学

・ISBN 978-0-7914-4995-0 cloth US$ 104.00

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・ISBN 978-0-7914-4996-7 paper US$ 36.95

¥8,657.- (税込) (※)価格はご注文時の参考価格となります。
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著者・編者Kaelberer, Matthias,
シリーズSUNY Series in Global Politics
出版社(State U. New York Pr., US)
出版年月2001
ページ数160 pp.
言語ENG
ニュース番号<478-349 480-300>

解説

Traces the history of European monetary negotiations from the 1960s to the 1990s.

Tracing the forty-year history of negotiations to construct exchange rate regimes in the European Union, Money and Power in Europe emphasizes the role of a state's bargaining power for the formation of rules. In contrast to the prevailing literature's emphasis on domestic factors like sectoral and partisan interests, policy ideas and domestic institutional structures, Matthias Kaelberer highlights the structural conflict of interest between weak and strong currency countries over the rules of monetary cooperation. Strong currency countries, in particular Germany, because they do not face a reserve constraint, are in a position to shape the rules of monetary regimes decidedly in their favor, including the refusal to compromise on rules of domestic macroeconomic adjustment.