A Europe Made of Money: the Emergence of the European Monetary System

Chers collègues,

J’ai le plaisir de vous signaler la sortie de mon ouvrage A Europe Made of Money: the Emergence of the European Monetary System, chez Cornell University Press.

Cordialement,

Emmanuel Mourlon-Druol

___________________

Dr Emmanuel Mourlon-Druol
Research Associate, Department of Economic and Social History, University of Glasgow

Associate, Transatlantic Programme, LSE IDEAS

"Banking Regulation – The Long View": www.bank-reg.co.uk

—

A Europe Made of Money: the Emergence of the European Monetary System
Emmanuel Mourlon-Druol
July 2012, Cornell University Press, 368 p.

A Europe Made of Money is a new history of the making of the European Monetary System (EMS), based on extensive archive research. Emmanuel Mourlon-Druol highlights two long-term processes in the monetary and economic negotiations in the decade leading up to the founding of the EMS in 1979. The first is a transnational learning process involving a powerful, networked European monetary elite that shaped a habit of cooperation among technocrats. The second stresses the importance of the European Council, which held regular meetings between heads of government beginning in 1974, giving EEC legitimacy to monetary initiatives that had previously involved semisecret and bilateral negotiations. The interaction of these two features changed the EMS from a fairly trivial piece of administrative business to a tremendously important political agreement.

The inception of the EMS was greeted as one of the landmark achievements of regional cooperation, a major leap forward in the creation of a unified Europe. Yet Mourlon-Druol’s account stresses that the EMS is much more than a success story of financial cooperation. The technical suggestions made by its architects reveal how state elites conceptualized the larger project of integration. And their monetary policy became a marker for the conception of European identity. The unveiling of the EMS, Mourlon-Druol concludes, represented the convergence of material interests and symbolic, identity-based concerns.

Source: http://www.cornellpress.cornell.edu/book/?GCOI=80140100879390

***********************************************************************

La liste "histoire_eco" a pour objet la diffusion de l’actualité de la recherche et de l’enseignement en histoire économique.

Les nouvelles diffusées sur cette liste sont reprises sur le site de l’AFHE (http://afhe.hypotheses.org/).

Le contenu des messages reste la responsabilité de leurs auteurs.

About these ads

---