The argument in this chapter is that formation of EMU is about restructuring the financial architecture of Europe in order to enhance-rather than simply diminish-national autonomy. By implication, EMU functions-at least in part-to shore up and insulate Europe's member states during a period of...

This paper examines why policy-makers (experts in central banks, ministries of finance, employers' organizations and trade unions) of Britain, France, and Germany have accepted an 'asymmetrical' Economic and Monetary Union (EMU) which incorporates a developed monetary component, yet a relatively...

This paper examines why policy-makers (experts in central banks, ministries of finance, employers' organizations and trade unions) of Britain, France, and Germany have accepted an 'asymmetrical' Economic and Monetary Union (EMU) which incorporates a developed monetary component, yet a relatively...

The argument in this chapter is that formation of EMU is about restructuring the financial architecture of Europe in order to enhance-rather than simply diminish-national autonomy. By implication, EMU functions-at least in part-to shore up and insulate Europe's member states during a period of...