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A Europe made of money: the emergence of the European Monetary System

Mourlon-Druol, Emmanuel (2012) A Europe made of money: the emergence of the European Monetary System. Cornell studies in money. Cornell University Press, Ithaca, New York, USA. ISBN 9780801450839

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A Europe Made of Money is a new history of the making of the European Monetary System (EMS), based on extensive archive research. Emmanuel Mourlon-Druol highlights two long-term processes in the monetary and economic negotiations in the decade leading up to the founding of the EMS in 1979. The first is a transnational learning process involving a powerful, networked European monetary elite that shaped a habit of cooperation among technocrats. The second stresses the importance of the European Council, which held regular meetings between heads of government beginning in 1974, giving EEC legitimacy to monetary initiatives that had previously involved semisecret and bilateral negotiations. The interaction of these two features changed the EMS from a fairly trivial piece of administrative business to a tremendously important political agreement.

Item Type: Book
Official URL:
Additional Information: © 2012 Cornell University Press
Divisions: IGA: LSE IDEAS
Subjects: H Social Sciences > HJ Public Finance
J Political Science > JN Political institutions (Europe)
J Political Science > JZ International relations
JEL classification: F - International Economics > F3 - International Finance > F33 - International Monetary Arrangements and Institutions
G - Financial Economics > G1 - General Financial Markets > G15 - International Financial Markets
Date Deposited: 28 Jul 2011 08:17
Last Modified: 09 Apr 2024 06:24

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