A Concise History Of European Monetary Integration: From Epu To Emu - Horst Ungerer

“Ungerer's goal is to present students, scholars, and the general public with a comprehensive account of the decelopment of European monetary integration since 1945. His effort is unusually successful. Indeed, he also provides additional background information that will be helpful to general readers.... The historical account of European monetary institutions since 1945 includes well-informed commentaries on all the major stages of development up to the end of 1996, and concludes with a discussion about the prospects for the achievement of an ever closer union in Europe in the years ahead... Ungerer asserts that a single European currency has always been viewed as a key to full economic integration and that management of such a currency would require the merging of some sovereign powers by the nations involved. This sets the scene for readers wishing to follow the debates that will continue as Europe proceeds along the timetable that may lead to the introduction of a single currency in 1999.... Recommended for international economics, politics, and business collections.”–Choice

“This work will be an indispensable tool for those who wish to understand EMU.”–Jacques de Larosiere, President European Bank for Reconstruction and Development

“[This book] is not only concise but very thorough. It covers a half century of European economic and monetary history during which the integration process was driven by both economic and political motivations....This book will no doubt remain a standard reference work for anyone interested in the economic and monetary history of Western Europe since World War II.”–Robert Solomon Guest Scholar The Brookings Institution

“Soon we will be witnesses of the creation of a European currency, and many of us wonder about the chances of such a bold and unprecedented move. In this situation [this] book comes just in time. It shows that the roots of this project date back to the early beginnings of European co-operation after WW II. Being...a close witness and a player in this historical process, [Ungerer's] record of its various stages, where dead-ends were followed by creative new initiatives, is illuminating reading. I cannot imagine that anyone taking an academic or professional interest in the new 'Euro' would like to miss this book, which shows how successful monetary engineering has now brought a grand political design within reach.”–Dr. Gunther Schleiminger retired General Director Bank for International Settlements

“The history of European monetary integration masterfully told in only 300 pages, complete yet concise, written by an expert witness who knows his subject. [Ungerer] succeeded admirably in what he set out to achieve - a must reading for students and scholars, but also recommended reading for those with a general interest in the subject.”–Dr. Wolfgang Rieke Former Head of the International Department Deutsche Bundesbank

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