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Monetary power and EMU: macroeconomic autonomy and adjustment in the eurozone

Mattias Vermeiren UGent (2013) REVIEW OF INTERNATIONAL STUDIES. 39(3). p.729-761
abstract
This article examines the impact of the establishment of Economic and Monetary Union (EMU) and the introduction of the euro on the monetary power of its member states. Taking into consideration continuing capitalist variety among national political economies of the Eurozone, I examine the implications of EMU for the macroeconomic autonomy of different national models capitalism. Drawing on a comparative capitalism perspective, it is argued that the Eurozone’ coordinated market economies – Germany in particular – have gained much more from the introduction of the euro in terms of monetary power than the other models. This argument will be based on an analysis of two key dimensions of EMU’s macroeconomic governance regime: (1) exchange rate policymaking and (2) the management of balance-of-payments.
Please use this url to cite or link to this publication:
author
organization
year
type
journalArticle (original)
publication status
published
subject
keyword
INFLATION, INTEGRATION, POLICY, AREA, INSTITUTIONS, PREFERENCES, PERFORMANCE, CORPORATISM, CAPITALISM, ECONOMY
journal title
REVIEW OF INTERNATIONAL STUDIES
volume
39
issue
3
pages
729 - 761
Web of Science type
Article
Web of Science id
000319340000009
JCR category
INTERNATIONAL RELATIONS
JCR impact factor
0.653 (2013)
JCR rank
43/83 (2013)
JCR quartile
3 (2013)
ISSN
0260-2105
DOI
10.1017/S0260210512000162
language
English
UGent publication?
yes
classification
A1
copyright statement
I have transferred the copyright for this publication to the publisher
id
2120611
handle
http://hdl.handle.net/1854/LU-2120611
date created
2012-05-30 10:14:31
date last changed
2014-10-14 11:17:14
@article{2120611,
  abstract     = {This article examines the impact of the establishment of Economic and Monetary Union (EMU) and the introduction of the euro on the monetary power of its member states. Taking into consideration continuing capitalist variety among national political economies of the Eurozone, I examine the implications of EMU for the macroeconomic autonomy of different national models capitalism. Drawing on a comparative capitalism perspective, it is argued that the Eurozone{\textquoteright} coordinated market economies -- Germany in particular -- have gained much more from the introduction of the euro in terms of monetary power than the other models. This argument will be based on an analysis of two key dimensions of EMU{\textquoteright}s macroeconomic governance regime: (1) exchange rate policymaking and (2) the management of balance-of-payments.},
  author       = {Vermeiren, Mattias},
  issn         = {0260-2105},
  journal      = {REVIEW OF INTERNATIONAL STUDIES},
  keyword      = {INFLATION,INTEGRATION,POLICY,AREA,INSTITUTIONS,PREFERENCES,PERFORMANCE,CORPORATISM,CAPITALISM,ECONOMY},
  language     = {eng},
  number       = {3},
  pages        = {729--761},
  title        = {Monetary power and EMU: macroeconomic autonomy and adjustment in the eurozone},
  url          = {http://dx.doi.org/10.1017/S0260210512000162},
  volume       = {39},
  year         = {2013},
}

Chicago
Vermeiren, Mattias. 2013. “Monetary Power and EMU: Macroeconomic Autonomy and Adjustment in the Eurozone.” Review of International Studies 39 (3): 729–761.
APA
Vermeiren, M. (2013). Monetary power and EMU: macroeconomic autonomy and adjustment in the eurozone. REVIEW OF INTERNATIONAL STUDIES, 39(3), 729–761.
Vancouver
1.
Vermeiren M. Monetary power and EMU: macroeconomic autonomy and adjustment in the eurozone. REVIEW OF INTERNATIONAL STUDIES. 2013;39(3):729–61.
MLA
Vermeiren, Mattias. “Monetary Power and EMU: Macroeconomic Autonomy and Adjustment in the Eurozone.” REVIEW OF INTERNATIONAL STUDIES 39.3 (2013): 729–761. Print.