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A Europe made of money : the emergence of the European Monetary System
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ISBN: 0801465494 0801465931 9780801465932 9780801465499 0801450837 1322503761 Year: 2012 Publisher: Ithaca, N.Y. : Cornell University Press,

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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. The inception of the EMS was greeted as one of the landmark achievements of regional cooperation, a major leap forward in the creation of a unified Europe. Yet Mourlon-Druol's account stresses that the EMS is much more than a success story of financial cooperation. The technical suggestions made by its architects reveal how state elites conceptualized the larger project of integration. And their monetary policy became a marker for the conception of European identity. The unveiling of the EMS, Mourlon-Druol concludes, represented the convergence of material interests and symbolic, identity-based concerns.


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A Europe made of money : the emergence of the European monetary system
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ISBN: 9780801450839 Year: 2012 Publisher: Ithaca, N.Y. Cornell University Press

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The new political economy of EMU
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ISBN: 0847690199 0847690180 Year: 1998 Publisher: Lanham, Md Rowman & Littlefield

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Towards a new Europe ? Structural change in the European economy.
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ISBN: 1852784156 9781852784157 Year: 1991 Publisher: Aldershot Edward Elgar


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Macroeconomic policy coordination in Europe: the ERM and Monetary Union
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ISBN: 080398765X 0803987641 Year: 1992 Publisher: London Sage

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The international adjustment mechanism: from the gold standard to the EMS
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ISBN: 0333595734 0312095929 Year: 1993 Publisher: Houndmills Macmillan

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