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A Europe Made of MoneyThe Emergence of the European Monetary System$
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Emmanuel Mourlon-Druol

Print publication date: 2012

Print ISBN-13: 9780801450839

Published to Cornell Scholarship Online: August 2016

DOI: 10.7591/cornell/9780801450839.001.0001

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Multilevel Governance, History, and Monetary Cooperation

Multilevel Governance, History, and Monetary Cooperation

Chapter:
Introduction Multilevel Governance, History, and Monetary Cooperation
Source:
A Europe Made of Money
Author(s):

Emmanuel Mourlon-Druol

Publisher:
Cornell University Press
DOI:10.7591/cornell/9780801450839.003.0001

This book challenges a rather simplistic interpretation of the creation of the European Monetary System (EMS) and sheds new light on the wider trends in European monetary cooperation. Drawing on eighteen archives in six countries, including Britain, France, Germany, Ireland, Italy, and the European Economic Community (EEC), the book examines how a European consensus was built regarding European monetary cooperation in a world of floating currencies. It also considers the peculiarity of European monetary cooperation between 1974 and 1979—and interest in the wider perspective of post-1945 international economic history—in relation to transnational, intergovernmental, and supranational dimensions as well as the interaction among economic, political, political-psychological, and technical dimensions. It argues that European monetary cooperation in the mid- to late 1970s was one of the European responses to international economic and monetary crisis.

Keywords:   monetary crisis, European Monetary System, European monetary cooperation, European Economic Community, Europe, floating currencies, economic crisis, economic history

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