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Economic and Monetary Union Macroeconomic Policies

Current Practices and Alternatives

Economic and Monetary Union Macroeconomic Policies by Philip Arestis
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This book focuses on the construction of the economic policies of the Economic and Monetary Union (EMU) and its institutions. It reviews the faltering economic performance of the EMU countries before and after the onset of the financial crisis. It exposes the shortcomings and design faults of the EMU project on fiscal and monetary policies under the Stability and Growth Pact (SGP) and now the 'fiscal compact'. It critically examines the labour market agenda of the EMU and argues for avoidance of the neo-liberal employment policies being advocated. It proposes an alternative policy agenda for a sustainable currency union, and asks whether a currency union can be sustained without de facto political union.

Palgrave Macmillan; November 2013
249 pages; ISBN 9781137317896
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Title: Economic and Monetary Union Macroeconomic Policies
Author: Philip Arestis; Malcolm Sawyer
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