- Subject index
Interest in economics is at an all-time high. Among the challenges facing the nation is an economy with rapidly rising unemployment, failures of major businesses and industries, and continued dependence on oil with its wildly fluctuating price. Economists have dealt with such questions for generations, but they have taken on new meaning and significance.Tackling these questions and encompassing analysis of traditional economic theory and topics as well as those that economists have only more recently addressed, 21st Century Economics: A Reference Handbook is a must-have reference resource.Key FeaturesProvides highly readable summaries of theory and models in key areas of micro and macroeconomics, helpful for students trying to get a "big picture" sense of the fieldIncludes introductions to relevant theory as well as empirical evidence, useful ...
Chapter 46: The European Economic and Monetary Union
The European Economic and Monetary Union
This chapter addresses the issues relating to the past, present, and future of the European Monetary Union (EMU), focusing on the way in which the main socioeconomic sectors within the most important European Union (EU) member states have used the process of European monetary integration to enhance their competitive position not only in the European arena but also in the global context.
This chapter will studyinahistorical perspective the phases leading to the establishment of the currency union, the present working of the European Central Bank (ECB) and the Stability and Growth Pact (SGP), and the future of the EMU.
What is the European Economic and Monetary Union?
EMU shall be read as a major institutional undertaking whose ...