Suchergebnisse

The digital research corpus 'A rereading of the Werner Report of 8 October 1970 in the light of the Pierre Werner family archives' showcases the results of the first stage of the 'Pierre Werner and Europe' research project (2011-2013). Based on a thorough exploration of the Werner family archives, which have been opened for the first time for research purposes, and also on other relevant archives — both Luxembourgish and international, public and private — containing multimedia material in several languages, this corpus throws light on the alchemy of the Werner Report and the mindset in which it was developed. Previously unpublished documents have helped clarify the varied, nuanced role of Pierre Werner and his personal contribution to the development and adoption of the stage-by-stage plan, on a theoretical, methodological and political level, in the context of his European achievements as a whole. The research corpus contains a comprehensive, varied selection of primary sources and related resources, as well as a detailed analytical study, which provides a new interpretation of various little-known, original sources. This corpus offers a 'rereading', a fresh look at the Werner Report, retracing the context and historical background in which the report was drafted and examining the work of the Werner Committee, and highlighting the impact of the Werner Plan on the path towards Economic and Monetary Union. In the interests of clarity, the study is accompanied by a list of references cited by section, as well as a list of key figures with brief biographical details, a comprehensive bibliography and a chronology.

The adoption of a single currency was considered one of the most important successes of the effort to unify the countries of the European Union. Obviously, a common currency has indisputable advantages, the most important being that of stimulating trade in countries that have joined the Eurozone. Meanwhile, the euro has several disadvantages, the most important being that the excessive centralization of monetary policy in the European Union. Moreover, the introduction of a single currency generated some disadvantages, which to some extent can be considered drawbacks in terms of efficiency of resource allocation in the European Union countries.

Your handy mini-guide to the eurozone crisis These are turbulent times for Europe. The European debt crisis has dominated headlines, toppled elected leaders, and even called into question the survival of the Euro itself. In fact, not a day goes by without headlines screaming about the eurozone in crisis. But what are the key issues at stake? What exactly caused the crisis...and what might happen next? Julian Knight walks you through the issues and explains - in plain English - what the crisis means for you, and for the global economy. Open the book and find: How the crisis came about What it means to you Crystal ball predictions on what might happen next 'Must know' facts about the crisis.

Discusses the advantages of a common currency in ensuring equal competition, keeping the value of the currency stable, and removing the exchange risk.

This book takes a close look at macroeconomic imbalances within the Eurozone and explores the profound consequences the introduction of the European Monetary Union (EMU) has had on Euro area countries. Particular attention is given to balance of payments deficits and surpluses, and the profound difficulties of rebalancing the Euro area. Throughout the chapters, the author argues that the EMU has failed to support an optimal currency area with the correct institutional arrangements due to misunderstandings at a macroeconomic level. The author also sheds light on the stability pact and the resulting macroeconomic trap which has left a number of Eurozone countries with devastatingly high rates of unemployment. The book argues that by disregarding important macroeconomic imbalances, Euro-monetarists have derailed the entire Eurozone project to such an extent that it is at risk of falling apart. Key chapters discuss the establishment of the EMU from a Euro-realist perspective and the role of the European Central Bank in rebalancing financial markets. The concluding chapter looks ahead to the future of the Euro and proposes necessary institutional solutions to the macroeconomic problems it is currently facing. Scholars and students with an interest in the current economic disarray within the Eurozone will find this work thought-provoking and highly informative. Jesper Jespersen is Professor of Economics at Roskilde University, Denmark. He holds a PhD in International Economics from the European University Institute, Florence, Italy. Further, he has been a visiting professor at the University of Burgundy, France, and a research fellow at Churchill College, Cambridge, UK. He is the author of Macroeconomic Methodology (2009), and co-editor of Keynes's General Theory for Today (2012) and Teaching Post Keynesian Economics (2013)

This article examines the performance of the ECB's monetary policy. It concludes that the ECB has performed well as regards its primary goal of keeping inflation under control. However, as long as price stability is not threatened the ECB can and should contribute to growth. Here, however, after a good start, the ECB's performance has been disappointing. This article argues that greater coordination between wage and monetary policies is required: if the ECB were to take account of stability-oriented national wage formation policies, then it could pursue a monetary policy that promoted growth without putting in jeopardy price stability.