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The Political Problem of Reconciling Domestic and International Interests in EMU: The Legacy of Schiller and Schmidt

Kenneth Dyson and Kevin Featherstone

in The Road To Maastricht: Negotiating Economic and Monetary Union

Published in print:
1999
Published Online:
November 2003
ISBN:
9780198296386
eISBN:
9780191599125
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/019829638X.003.0008
Subject:
Political Science, European Union

EMU is situated in the context of the legacies of Schiller (especially coronation theory) and of Schmidt (the creation of the EMS). Schmidt's leadership style is examined with reference to the ... More


Negotiating EMU Around the German Model: Agenda‐Setting Under the Kohl Chancellorship, 1982–1989

Kenneth Dyson and Kevin Featherstone

in The Road To Maastricht: Negotiating Economic and Monetary Union

Published in print:
1999
Published Online:
November 2003
ISBN:
9780198296386
eISBN:
9780191599125
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/019829638X.003.0009
Subject:
Political Science, European Union

Kohl's beliefs about EMU and governing style are examined, along with the policy ideas of Stoltenberg and the power of the Finance Ministry and of the Bundesbank over EMU. Particular attention is ... More


The EMS Is not Enough: The Need for Monetary Union

Tommaso Padoa‐Schioppa

in The Road to Monetary Union in Europe: The Emperor, the Kings, and the Genies

Published in print:
2000
Published Online:
November 2003
ISBN:
9780199241767
eISBN:
9780191596742
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199241767.003.0007
Subject:
Economics and Finance, Macro- and Monetary Economics

The long‐term prospects of the European Monetary System (EMS) are examined from a non‐technical viewpoint, considering the system as a variable rather than a given. The prospects are seen as ... More


After the Storm

Tommaso Padoa‐Schioppa

in The Road to Monetary Union in Europe: The Emperor, the Kings, and the Genies

Published in print:
2000
Published Online:
November 2003
ISBN:
9780199241767
eISBN:
9780191596742
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199241767.003.0013
Subject:
Economics and Finance, Macro- and Monetary Economics

The concluding essay in the book, written in 1994. It summarizes the factors and events that led to the signing of the Maastricht Treaty in February 1992, and then gives the author's interpretation ... More


An International Economy

John Hicks

in A Market Theory of Money

Published in print:
1989
Published Online:
November 2003
ISBN:
9780198287247
eISBN:
9780191596407
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198287240.003.0015
Subject:
Economics and Finance, Macro- and Monetary Economics

This chapter addresses the issue of Britain's participation (and degree of participation) in, the European Monetary System (EMS). It does not attempt any direct conclusion to that issue. Instead, it ... More


The Natural Real Exchange Rate Between the French Franc and the Deutschmark: Implications for Monetary Union

Liliane L. Crouhy‐Veyrac and Michèle Saint Marc

in Fundamental Determinants of Exchange Rates

Published in print:
1998
Published Online:
November 2003
ISBN:
9780198293064
eISBN:
9780191596940
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198293062.003.0004
Subject:
Economics and Finance, Macro- and Monetary Economics, International

The bilateral French/German real exchange rate does respond to the real fundamentals of relative thrift and productivity as predicted by the NATREX model. Increases in relative thrift, measured by ... More


Monetary Cooperation and Integration

Ulrich Krotz and Joachim Schild

in Shaping Europe: France, Germany, and Embedded Bilateralism from the Elysée Treaty to Twenty-First Century Politics

Published in print:
2012
Published Online:
May 2013
ISBN:
9780199660087
eISBN:
9780191751646
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199660087.003.0009
Subject:
Political Science, European Union, International Relations and Politics

From the onset of European monetary cooperation until the current eurozone crisis, France and Germany have been at the heart of European decision-making on monetary affairs. Monetary integration ... More


A Regional Exchange Rate System for East Asia? Lessons of the European Monetary System

Ulrich Volz

in Prospects for Monetary Cooperation and Integration in East Asia

Published in print:
2010
Published Online:
August 2013
ISBN:
9780262013994
eISBN:
9780262265980
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262013994.003.0010
Subject:
Economics and Finance, Econometrics

This chapter examines the causes of the 1992 to 1993 European Monetary System (EMS) crisis to determine the factors that contributed to the functioning and eventual collapse of the EMS. The chapter ... More


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