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

Hancké, Bob,

Unions, central banks, and EMU : labour market institutions and monetary integration in Europe / Bob Hancké. - 1 online resource

Title from PDF title page (viewed on Apr. 30, 2013).

Includes bibliographical references and index.

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.

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.

9780191638206 (electronic bk.) 019163820X (electronic bk.) 9780191749193 0191749192

GBB307463 bnb

016260662 Uk


Economic and Monetary Union.
European Central Bank.
Economic and Monetary Union.
European Central Bank.


Monetary unions--European Union countries.
Monetary policy--European Union countries.
Unions monétaires--Pays de l'Union européenne.
Politique monétaire--Pays de l'Union européenne.
BUSINESS & ECONOMICS--Money & Monetary Policy.
Economic policy.
International economic integration.
Monetary policy.
Monetary unions.


European Union countries--Economic integration.
European Union countries--Economic policy.
Europe--Intégration économique.
Pays de l'Union européenne--Politique économique.
European Union countries.


Electronic books.
Electronic books.

HG925

332.494

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