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9 - Commercial Banks, the Eurodollar Market and the Beginnings of Monetary Integration

from Money and Society

Published online by Cambridge University Press:  12 October 2023

By
Carlo Edoardo Altamura
Edited by
Mathieu Segers  and
Steven Van Hecke
Mathieu Segers
Affiliation:
Universiteit Maastricht, Netherlands
Steven Van Hecke
Affiliation:
Katholieke Universiteit Leuven, Belgium
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Summary

The decade-long process of European monetary integration has been the most ambitious, and probably the most controversial, project of its type.1

The Eurozone crisis of the early 2010s reinforced the scepticism toward monetary integration experienced not only by populist politicians but also by disillusioned academics. Belke and Verheyen, for example, argued in 2012 that: ‘It is time to admit that under the prevailing structure and membership, the euro area simply does not work successfully.’

Type
Chapter
Information
The Cambridge History of the European Union , pp. 261 - 283
Publisher: Cambridge University Press
Print publication year: 2023

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References

Recommended Reading

Altamura, C. E. European Banks and the Rise of International Finance: The Post-Bretton Woods Era (Abingdon, Routledge, 2017).Google Scholar
Battilossi, S. and Cassis, Y. (eds.). European Banks and the American Challenge: Competition and Cooperation in International Banking under Bretton Woods (Oxford, Oxford University Press, 2002).Google Scholar
Dyson, K. and Featherstone, K., The Road to Maastricht: Negotiating Economic and Monetary Union (Oxford and New York, NY, Oxford University Press, 1999).Google Scholar
Eichengreen, B. Globalizing Capital: A History of the International Monetary System (Princeton, NJ and Oxford, Princeton University Press, 2008).Google Scholar
James, H. Making the European Monetary Union (Cambridge, MA and London, Harvard University Press, 2012).Google Scholar
Mourlon-Druol, E. A Europe Made of Money (Ithaca, NY, Cornell University Press, 2012).Google Scholar

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