Political Economy of Financial Integration in Europe: The Battle of the Systems

Few aspects of the great European integration project have been as difficult and fraught with political conflict as the creation of a single financial market and monetary union. However, it is clear that monetary union and financial integration are now on the front-burner in Europe, and will remain so until at least the year 2000. This timely volume traces the political, financial and economic steps toward financial unions in Europe, focusing on the dynamics of a Europe of sovereign states. Authoritative, comprehensive and accessible, the volume is essential reading for students, researchers, policy-makers, journalists and anyone who needs to know about financial integration in Europe.