Skip to content
Open global navigation

Cambridge University Press

AcademicLocation selectorSearch toggleMain navigation toggle
Cart
Register Sign in Wishlist

The Birth of the Euro

$34.99

textbook
  • Date Published: October 2008
  • availability: In stock
  • format: Paperback
  • isbn: 9780521731867

$34.99
Paperback

Add to cart Add to wishlist

Other available formats:
Hardback, eBook


Looking for an examination copy?

If you are interested in the title for your course we can consider offering an examination copy. To register your interest please contact collegesales@cambridge.org providing details of the course you are teaching.

Description
Product filter button
Description
Contents
Resources
Courses
About the Authors
  • Today, 318 million people in 15 countries use the Euro, which now rivals the importance of the US Dollar in the world economy. This is an outcome that few would have predicted with confidence when the Euro was launched. How can we explain this success and what are the prospects for the future? There is nobody better placed to answer these questions than Otmar Issing, who as a founding member of the Executive Board of the European Central Bank (1998–2006), was one of the Euro's principal architects. His story is a unique insider account, combining personal memoir with reference to the academic and policy literature. Free of jargon, this is a very human reflection on a unique historical experiment and a key reference for all academics, policy makers, and 'Eurowatchers' seeking to understand how the Euro has got to where it is today and what challenges lie ahead.

    • Provides an inside view of the creation of the Euro, the second most important currency in the world
    • Explains the successes and challenges of this historically unique experiment
    • Addresses the question of whether or not monetary union can survive without political union
    Read more

    Reviews & endorsements

    “Professor Otmar Issing was an exceptional and decisive actor in making the euro, first as the chief economist and member of the Directorate of the Bundesbank and then as the chief economist and member of the Executive Board of the European Central Bank. His book is remarkable for his accuracy, lucidity and pertinence. It gives the reader the unique perspective of a major decision-maker, who is both a living symbol of the successful transition from the national currencies to the euro and a privileged witness of those historic events.”
    Jean-Claude Trichet, President of the European Central Bank

    “It is hard to think of a single monetary event more important than the creation of European Monetary Union. Otmar Issing, the intellectual force behind the first decade of the European Central Bank, has written a brilliant account of the debates and struggles behind the birth of the Euro, an event which has reshaped the world monetary order.”
    Mervyn A.King, Governor Bank of England

    “No one can tell the story of the birth of the Euro better than Otmar Issing. In this book, he shares the financial insights of an innovative economist and the practical wisdom of a seasoned leader. The book is exceptionally well written, laced with touching personal stories. There is no better way to understand the amazing birth of the Euro than to read this book.”
    Prof. John B.Taylor, Stanford University

    “Just on time for the 10th anniversary of European Monetary Union, Otmar Issing brilliantly strikes the balance of achievements and future challenges of the Euro. Strongly recommended reading – especially for Europe`s leaders and politicians who should take his admonitions seriously.”
    Axel Weber, President of Deutsche Bundesbank

    “In this superb account, Otmar Issing, architect of the European Central Bank´s monetary policy, explains the successful launch of the most remarkable experiment in monetary history. Both an insider and a noted academic, nobody is better equipped than Dr. Issing to rid the world of its many mistaken beliefs about the world´s second most important currency.”
    Martin Wolf, Financial Times

    “As one who was a participant at the birth of the euro and a founding member of the executive board of the European Central Bank (ECB), Issing... has a story to tell that is both engaging and very important.... Given the economic situation today and the policy positions of the US, EU, and other major nations, Issing's observations with regard to the ECB for action, and what he considers proper action, will be of interest to all readers.... Highly recommended.”
    Choice

    See more reviews

    Customer reviews

    Not yet reviewed

    Be the first to review

    Review was not posted due to profanity

    ×

    , create a review

    (If you're not , sign out)

    Please enter the right captcha value
    Please enter a star rating.
    Your review must be a minimum of 12 words.

    How do you rate this item?

    ×

    Product details

    • Date Published: October 2008
    • format: Paperback
    • isbn: 9780521731867
    • length: 296 pages
    • dimensions: 228 x 151 x 17 mm
    • weight: 0.45kg
    • contains: 7 tables
    • availability: In stock
  • Table of Contents

    Preface
    1. The Euro in 2008
    2. Historical background
    3. The ECB and the foundations of monetary policy
    4. The ECB – monetary policy for a stable Euro
    5. The central bank and monetary policy in the EMU framework
    6. Europe at the crossroads
    Register of key words
    Register of persons.

  • Author

    Otmar Issing, Former Chief Economist, European Central Bank
    Otmar Issing is University Professor and President of the Center for Financial Studies at the University of Frankfurt and Honorary Professor of the University of Würzburg. He is a former member of the board of the Deutsche Bundesbank (1990–1998) and a founding member of the Executive Board of the European Central Bank (1998–2006).

Sign In

Please sign in to access your account

Cancel

Not already registered? Create an account now. ×

Sorry, this resource is locked

Please register or sign in to request access. If you are having problems accessing these resources please email cflack@cambridge.org

Register Sign in
Please note that this file is password protected. You will be asked to input your password on the next screen.

» Proceed

You are now leaving the Cambridge University Press website, your eBook purchase and download will be completed by our partner www.ebooks.com. Please see the permission section of the www.ebooks.com catalogue page for details of the print & copy limits on our eBooks.

Continue ×

Continue ×

Find content that relates to you

© Cambridge University Press 2014

Back to top

Are you sure you want to delete your account?

This cannot be undone.

Cancel Delete

Thank you for your feedback which will help us improve our service.

If you requested a response, we will make sure to get back to you shortly.

×
Please fill in the required fields in your feedback submission.
×