Description
Book SynopsisThere exists a twofold relationship between the factors affecting adoption of a single currency in Europe, employment, and growth. On one hand, the operation of the euro will be hindered if rigidities in labour and product markets persist - hence low employment and slow growth may be a cause of poor performance of the single currency. On the other hand, the functioning of the euro will affect future patterns of European employment.
Pier Carlo Padoan and his distinguished group of contributing authors go beyond the common European-based debates to consider the impact of the euro as a global currency on the evolution of European labour, product, and regional markets.
This insightful work will be of great interest to professional economists and post-graduate students in economics, international relations, and European studies.
Trade Review'Monetary Union, Employment and Growth
provides a thorough and well-developed analysis of the macroeconomic and microeconomic implications of the single currency.' -- Terrence Casey, Journal of European Area Studies
'This book offers an in-depth discussion of two highly topical European issues - the single currency and unemployment - making it suitable for professional economists and post-graduate students in economics, international relations and European studies.' -- European Access
Table of ContentsContents: Introduction and Overview 1. The Euro’s External Value and Europe’s Macroeconomic Problem 2. The External Value of the Euro and EMU’s Monetary Policy 3. Financial Markets and Monetary Integration 4. Europe’s Unemployment: A Review of the Debate 5. Macroeconomic Performance, Investment and Employment 6. Exchange Rate, Trade and Growth 7. Specialisation and Flexibility 8. Employment and European Regions 9. Alternative Uses of Excess Reserves after the Introduction of the Euro 10. Conclusions and Policy Options for EMU References Index
