20 line illus.PRIZES:Winner of 2017 Gold Medal in International Business / Globalization, Axiom Business Book Awards 2017Short-listed for Bloomberg's Best Books of 2017 2017Short-listed for Project Syndicate's Best Reads in 2017 (chosen by Jean Pisani-Ferry) 2017Short-listed for "The ... Economist"'s Economics and Business Books of the Year 2016 2016Short-listed for "Financial Times" (FT.com) Best Economics Books of 2016 2016Short-listed for Bloomberg's Best Books of 2016 2016
Why is Europe's great monetary endeavor, the Euro, in trouble? A string of economic difficulties in Greece, Ireland, Spain, Italy, and other Eurozone nations has left observers wondering whether the currency union can survive. In this book, Markus Brunnermeier, Harold James, and Jean-Pierre Landau argue that the core problem with the Euro lies in the philosophical differences between the founding countries of the Eurozone, particularly Germany and France. But the authors also show how these seemingly incompatible differences can be reconciled to ensure Europe's survival. As the authors demonstrate, Germany, a federal state with strong regional governments, saw the Maastricht Treaty, the framework for the Euro, as a set of rules. France, on the other hand, with a more centralized system of government, saw the framework as flexible, to be overseen by governments. The authors discuss how the troubles faced by the Euro have led its member states to focus on national, as opposed to collective, responses, a reaction explained by the resurgence of the battle of economic ideas: rules vs. discretion, liability vs. solidarity, solvency vs. liquidity, austerity vs. stimulus.Weaving together economic analysis and historical reflection, The Euro and the Battle of Ideas provides a forensic investigation and a road map for Europe's future.
"En fremragende bog som kun kan anbefales alle der vil have reel oplysning om Euro'ens politiske baggrund og den centrale strid mellem den tyske ordoliberalisme (kreditor-syn) og den franske Keynesianisme (debitor-syn). "...the currency union was a high-mindede European political project that went way beyond economic realities.." p. 8 "
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