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3038 Hennepin Ave Minneapolis, MN
612-822-4611
A Europe Made of Money

A Europe Made of Money

Hardcover

Series: Cornell Studies in Money

EconomicsInvesting & FinanceGeneral European History

ISBN10: 0801450837
ISBN13: 9780801450839
Publisher: Cornell Univ Pr
Published: Aug 15 2012
Pages: 368
Weight: 1.50
Height: 1.20 Width: 6.10 Depth: 9.30
Language: English

A Europe Made of Money is a new history of the making of the European Monetary System (EMS), based on extensive archive research. Emmanuel Mourlon-Druol highlights two long-term processes in the monetary and economic negotiations in the decade leading up to the founding of the EMS in 1979. The first is a transnational learning process involving a powerful, networked European monetary elite that shaped a habit of cooperation among technocrats. The second stresses the importance of the European Council, which held regular meetings between heads of government beginning in 1974, giving EEC legitimacy to monetary initiatives that had previously involved semisecret and bilateral negotiations. The interaction of these two features changed the EMS from a fairly trivial piece of administrative business to a tremendously important political agreement.

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