Unions, central banks, and EMU : labour market institutions and monetary integration in Europe

Unions, central banks, and EMU : labour market institutions and monetary integration in Europe / Bob Hancké.

This title examines the crisis of EMU through the lenses of comparative political economy. It retraces the development of wage-setting systems in the core and peripheral EMU member states, and how these contributed to the increasing divergence between creditor and debtor states in the late 2000s.

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Bibliographic Details
Main Author: Hancké, Bob (Author)
Format: eBook
Language:English
Published: Oxford : Oxford University Press, ©2013.
Subjects:
Economic and Monetary Union.
European Central Bank.
Economic and Monetary Union
European Central Bank
Monetary unions > European Union countries.
Monetary policy > European Union countries.
BUSINESS & ECONOMICS > Money & Monetary Policy.
Economic policy
International economic integration
Monetary policy
Monetary unions
European Union countries > Economic integration.
European Union countries > Economic policy.
European Economic Community countries > Economic policy.
European Union countries
Electronic books.
Online Access:Click for online access
Table of Contents:
  • Machine generated contents note: 1. Understanding EMU: The Role of Labour Market Institutions
  • 1.1. The Puzzle of EMU
  • 1.2. Understanding the Crisis of EMU
  • 1.3. Bringing Labour Markets Back In
  • 1.4. The Argument in Brief
  • 2. The Other Road to Maastricht: Currency Blocs, Wage Moderation, and Social Conflict
  • 2.1. The Big Shift: Labour Unions and Central Banks
  • 2.2. Constructing the Deutschmark-Bloc
  • 2.3. The Maastricht Treaty and Social Pacts
  • 2.4. Central Banks and Labour Unions at the Threshold of EMU
  • 3. The Perils of Coordination: Wages and Labour Relations from the European Monetary System to EMU
  • 3.1. National Labour Relations in a Single Currency Union
  • 3.2. The Elusive Quest for International Wage Coordination
  • 3.3. Central Wage Determination and Decentralized Labour Relations
  • 4. Diversity without Unity: Labour Unions and Wage Setting in EMU
  • 4.1. Labour Unions in a Monetary Union
  • 4.2. Trade Unions in Exposed and Sheltered Sectors
  • Note continued: 4.3. Wage Shadowing, Competitiveness, and Dual Europe
  • 5. The Perverse Effects of Beneficial Constraints: Labour Market Institutions and Economic Performance in Europe
  • 5.1. Labour Market Institutions and Economic Performance
  • 5.2. Aggregate Demand Regimes and Different Economic Growth Models
  • 5.3. Wage-Setting and Comparative Advantage
  • 5.4. Wages, Real Exchange Rates, and Current Accounts
  • 6. The Missing Link: Labour, Inflation, and EMU
  • 6.1. Monetary Integration in Europe: New and Unanswered Questions
  • 6.2. The Future of EMU: Dark Linings in Dark Clouds.

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