Economic and Monetary Union (EMU) will have far-reaching consequences for participating nations. This book contains a unique and editorially neutral collection of key arguments favouring and opposing membership. The economic and policy implications are evaluated by distinguished economists, whilst the impact upon national sovereignty and the world of work is debated by prominent MPs and representatives of business and trade union organisations. The text provides an unbiased, comprehensive and 'readable' resource for specialist students and a general readership.

Auteur

DIANE ABBOTT Member of the Labour Party National Executive PHILIP ARESTIS Professor Economics, University of East London LORD CURRIE OF MARYLEBONE Professor of Economics, London Business School STEPHEN DAVIES Economic Research Executive, Policy Unit of the Institute of Directors JOHN EDMONDS General Secretary, General, Municipal and Boilermakers' Trades Union BARRY EICHENGREEN John L. Simpson Professor of Economics and Political Science, University of California, Berkeley WALTER ELTIS Visiting Professor, University of Reading CHRISTOPHER HASKINS Chairman of Northern Foods plc NIGEL HEALEY Professor and Head, Department of Business Studies, Manchester Metropolitan University SIR EDWARD HEATH Conservative Member of Parliament, former Prime Minister of the UK (1970-1974) RICHARD LAYARD Professor of Economics, London School of Economics and Political Science JONATHAN MICHIE Professor of Management, Birbeck College, University of London PATRICK MINFORD Professor of Economics, Cardiff Business School JOHN MONKS General Secretary, Trades Union Congress (TUC) GILES RADICE Chairperson, Treasury Select Committee JOHN REDWOOD Conservative Member of Parliament MALCOLM SAWYER Professor and Head of Economics Division, University of Leeds LORD SIMON OF HIGHBURY Minister of State, Department of Trade and Industry

Contenu

Preface Acknowledgements List of Contributors Introduction: An Overview of European Monetary Integration; M.Baimbridge, B.Burkitt & P.Whyman PART I: THE ECONOMICS OF A SINGLE CURRENCY The Case for European Monetary Union; N.M.Healey The Economic Consequences of EMU for Britain; J.Michie Joining Europe's Currency; R.Layard The Single Currency - Will it Work and Should We Join?; P.Minfold PART II: ECONOMIC POLICY CONSEQUENCES OF A SINGLE CURRENCY Saving Europe's Automatic Stabilisers; B.Eichengreen The Deflationary Consequences of the Single Currency; P.Arestis & M.Sawyer EMU: Threats and Opportunities for Companies and National Economies; Lord Currie of Marylebone British EMU Membership Would Create Instability and Destroy Employment; W.Eltis PART III: WORK, EMPLOYMENT AND BUSINESS The Case for the Single Currency; C.Haskins EMU and the Opportunities for British Business; Lord Simon of Highbury Business Attitudes to EMU and the Risk to Stability; S.Davies A Single Currency for Europe - Considerations for Workers; J.Monks The Single Currency and the European Social Model; J.Edmonds PART IV: SOVEREIGNTY AND POLITICAL DETERMINATION Sovereignty in the Modern World; E.Heath Sterling Democracy or European Bureaucracy?; J.Redwood The Case for the European Single Currency and for the UK Joining It; G.Radice The Case Against the Maastricht Model of Central Bank Independence; D.Abbott Glossary Index