Sustaining European Monetary Union: Confronting the Cost of Diversity - Hardcover

Sadeh, Tal

9781588264787: Sustaining European Monetary Union: Confronting the Cost of Diversity

Hardcover

ISBN 10: 1588264785 ISBN 13: 9781588264787

Publisher: Lynne Rienner, 2006

The tranquility of the European Union's transition to the euro in 1999 contrasted dramatically with the preceding tumultuous decades of exchange rate crises and political upheavals. But have the EU member states in fact converged sufficiently to make monetary union a stable alternative? Or is EMU an institutional lid on a simmering pot of diverse economies, in which tensions are building to a future blowup? And if the latter, what can be done to remedy the situation? Arguing that EMU is disproportionately socially expensive for many of the present and potential member states, Tal Sadeh's rigorous analysis focuses on the problematic implications of the EU's economic and political diversity. Sadeh is particularly concerned with the domestic structural and institutional reforms that will be necessary to sustain EMU. His supporting quantitative data covers 43 countries: all of the EU member states, the candidate countries, and the EU's neighbors in the Middle East, North Africa, and Eastern Europe.

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Review:

This is a good book.... Sadeh addresses an important and somewhat neglected topic: the continued viability of EMU. - David H. Bearce, University of Pittsburgh

About the Author:

Tal Sadeh is assistant professor of political science at Tel Aviv University. He is coauthor of The Future Relations Between Israel and the European Communities: Some Alternatives.

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