EMU Explained: A Guide to Markets and Monetary Union Book

Preface
Foreword
Aknowledgements

Introduction - the genesis of EMU, by Christopher Taylor
19th century beginnings
The Gold Standard
Bretton Woods
The European Economic Community (EEC)
The Werner plan and the 'snake'
The EMS
The Maastricht Treaty
Conclusions
Chapter 1 - From Maastricht to monetary union
The currency crisis: a victory for the markets
The turnaround: a victory for the politicians
Overcoming the final hurdles

Chapter 2 - The 'ins,' the 'outs' and the hopefuls
The 'ins': Germany, France, Italy, Spain, Portugal, Netherlands, Belgium/Luxembourg, Finland, Austria, Ireland The 'outs': United Kingdom, Denmark, Sweden, Greece Eastern European hopefuls: Czech Republic, Hungary, Poland

Chapter 3 - Managing the euro The European Central Bank
Economic policy coordination under EMU
ERM II: linking the euro to EU countries outside the bloc

Chapter 4 - A new corporate landscape
Corporate challenges
Sector implications
Corporate trends

Chapter 5 - EMU and society
The history of European social integration
Europe's diversity
Social Challenges for euro leaders
The European social model revisited

Chapter 6 - Changes in the financial community
The markets
The marketplace

Chapter 7 - The euro-zone and the rest of the world
The global role of the euro
The view from the United States
The view from Asia
Europe as a unified political power?

Chapter 8 - Risks and rewards
Economic dangers
The political dimension
A catalyst for change

Appendices
Extracts from the Maastricht Treaty
Selected protocols annexed to the Maastricht Treaty
How the EU takes decisions
Stability and Growth Pact
Amsterdam summit: Resolution on Growth and Employment
Legal aspects of monetary union
The ERM and bilateral exchange rates

Glossary - EU and Market Terms

Index