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The Currency of Ideas : Monetary Politics in the European Union P

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Publication Name
Cornell University Press
ISBN
9780801486029
Book Title
Currency of Ideas : Monetary Politics in the European Union
Item Length
9.2in
Publisher
Cornell University Press
Publication Year
1998
Format
Trade Paperback
Language
English
Item Height
0.5in
Author
Kathleen R. Mcnamara
Genre
Business & Economics, Political Science
Topic
Intergovernmental Organizations, Political Economy, Public Policy / Economic Policy, Money & Monetary Policy
Item Width
6.1in
Item Weight
16 Oz
Number of Pages
208 Pages

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Product Information

Why have the states of Europe agreed to create an Economic and Monetary Union (EMU) and a single European currency? What will decide the fate of this bold project? This book explains why monetary integration has deepened in Europe from the Bretton Woods era to the present day. McNamara argues that the development of a neoliberal economic policy consensus among European leaders in the years after the first oil crisis was crucial to stability in the European Monetary System and progress towards EMU. She identifies two factors, rising capital mobility and changing ideas about the government's proper role in monetary policymaking, as critical to the neoliberal consensus but warns that unresolved social tensions in this consensus may provoke a political backlash against EMU and its neoliberal reforms.McNamara's findings are relevant not only to European monetary integration, but to more general questions about the effects of international capital flows on states. Although this book delineates a range of constraints created by economic interdependence, McNamara rejects the notion that international market forces simply dictate government policy choice. She demonstrates that the process of neoliberal policy change is a historically dependent one, shaped by policymakers' shared beliefs and interpretations of their experiences in the global economy.

Product Identifiers

Publisher
Cornell University Press
ISBN-10
0801486025
ISBN-13
9780801486029
eBay Product ID (ePID)
764469

Product Key Features

Book Title
Currency of Ideas : Monetary Politics in the European Union
Author
Kathleen R. Mcnamara
Format
Trade Paperback
Language
English
Topic
Intergovernmental Organizations, Political Economy, Public Policy / Economic Policy, Money & Monetary Policy
Publication Year
1998
Genre
Business & Economics, Political Science
Number of Pages
208 Pages

Dimensions

Item Length
9.2in
Item Height
0.5in
Item Width
6.1in
Item Weight
16 Oz

Additional Product Features

Lc Classification Number
Hg925.M38 1998
Grade from
College Graduate Student
Reviews
A significant contribution to our understanding of the relationship between ideas and political and economic decisions., "An exhaustive case study. . . . McNamara's book provides a wealth of valuable detail on the path taken by European elites to develop a coordinated monetary policy and ultimately, a shared currency."-Society for Women in International Political Economy Newsletter, "The Currency of Ideas has much to offer those desiring to learn more about the forces driving monetary integration in Europe."-British Politics Group Newsletter, The Currency of Ideas has much to offer those desiring to learn more about the forces driving monetary integration in Europe., "Kathleen McNamara's book is a welcome addition to the small but growing collection of scholarship which straddles the political/economic divide in order to understand contemporary developments in the global political economy. . . . Together with another recent Cornell publication, Louis Pauly's Who Elected the Bankers, McNamara's work provides a good example of both the strengths and limitations which a perspective anchored firmly in the scholarly mainstream can offer to our knowledge of how the global political economy is organized."--Randall Germain, International Affairs, "A significant contribution to our understanding of the relationship between ideas and political and economic decisions."--Governance: An International Journal of Policy and Administration, "Kathleen McNamara's book is a welcome addition to the small but growing collection of scholarship which straddles the political/economic divide in order to understand contemporary developments in the global political economy. . . . Together with another recent Cornell publication, Louis Pauly's Who Elected the Bankers, McNamara's work provides a good example of both the strengths and limitations which a perspective anchored firmly in the scholarly mainstream can offer to our knowledge of how the global political economy is organized."-Randall Germain, International Affairs, McNamara's book brings much good political and economic sense to bear on a subject where it is often lacking., An exhaustive case study.... McNamara's book provides a wealth of valuable detail on the path taken by European elites to develop a coordinated monetary policy and ultimately, a shared currency., "An exhaustive case study. . . . McNamara's book provides a wealth of valuable detail on the path taken by European elites to develop a coordinated monetary policy and ultimately, a shared currency."--Society for Women in International Political Economy Newsletter, "McNamara's book brings much good political and economic sense to bear on a subject where it is often lacking."-Alan S. Milward, The Times Literary Supplement, "It is the prevailing wisdom that economic forces have driven Europe toward the adoption of its single currency, the euro, and that political forces have played a secondary role, if that. It is refreshing, therefore, to find a book that takes politics seriously in what is surely a political situation (as well as an economic one). McNamara considers not just politics but the ideas that condition political decisions and the environment in which those ideas are developed. An interesting book. . . . Well written with many useful references."--Choice, "It is the prevailing wisdom that economic forces have driven Europe toward the adoption of its single currency, the euro, and that political forces have played a secondary role, if that. It is refreshing, therefore, to find a book that takes politics seriously in what is surely a political situation (as well as an economic one). McNamara considers not just politics but the ideas that condition political decisions and the environment in which those ideas are developed. An interesting book. . . . Well written with many useful references."-Choice, Kathleen McNamara's book is a welcome addition to the small but growing collection of scholarship which straddles the political/economic divide in order to understand contemporary developments in the global political economy.... Together with another recent Cornell publication, Louis Pauly's Who Elected the Bankers , McNamara's work provides a good example of both the strengths and limitations which a perspective anchored firmly in the scholarly mainstream can offer to our knowledge of how the global political economy is organized., "McNamara's book brings much good political and economic sense to bear on a subject where it is often lacking."--Alan S. Milward, The Times Literary Supplement, It is the prevailing wisdom that economic forces have driven Europe toward the adoption of its single currency, the euro, and that political forces have played a secondary role, if that. It is refreshing, therefore, to find a book that takes politics seriously in what is surely a political situation (as well as an economic one). McNamara considers not just politics but the ideas that condition political decisions and the environment in which those ideas are developed. An interesting book.... Well written with many useful references., "The Currency of Ideas has much to offer those desiring to learn more about the forces driving monetary integration in Europe."--British Politics Group Newsletter
Table of Content
1. Introduction 2. The Puzzle of Exchange Rate Cooperation 3. Capital Mobility and Ideas in European Monetary Cooperation 4. Capital Control, Keynesianism, and Bretton Woods 5. Capital Mobility, Policy Crisis, and the Snake 6. Neoliberal Policy Consensus and the European Monetary System 7. The Drive toward Economic and Monetary UnionIndex
Copyright Date
1999
Lccn
97-029728
Dewey Decimal
332.4/94
Intended Audience
Trade
Series
Cornell Studies in Political Economy Ser.
Dewey Edition
21
Illustrated
Yes

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