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The Political Sustainability of European Monetary Union (Record no. 13990)

000 -LEADER
fixed length control field 01698naa a2200169uu 4500
001 - CONTROL NUMBER
control field 5110417503017
003 - CONTROL NUMBER IDENTIFIER
control field OSt
005 - DATE AND TIME OF LATEST TRANSACTION
control field 20190211160211.0
008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION
fixed length control field 051104s2005 xx ||||gr |0|| 0 eng d
999 ## - SYSTEM CONTROL NUMBERS (KOHA)
Koha Dewey Subclass [OBSOLETE] PHL2MARC21 1.1
041 ## - LANGUAGE CODE
Language code of text/sound track or separate title eng
100 1# - MAIN ENTRY--PERSONAL NAME
Personal name McKAY, David
9 (RLIN) 22312
245 10 - TITLE STATEMENT
Title The Political Sustainability of European Monetary Union
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Place of publication, distribution, etc. Cambridge :
Name of publisher, distributor, etc. Cambridge Universtity Press,
Date of publication, distribution, etc. July 1999
520 3# - SUMMARY, ETC.
Summary, etc. This article synthesizes a large body of work in applied economics on the likely effects of European Monetary Union with an established literature in political science on the political sustainability of intervention by central or federal authorities in the economies of diverse nations, states or regions. Three possible economic scenario resulting from EMU are identified - fiscal centralization, monetary discipline and loose money. the greatly enhanced central role implied by the first two wolud be difficult to legitimize in the context of the absence of a European citizen identity or party system. Historical precedent suggests that, in democracies, both central redistribution in social spending and retrenchment of established social programmes are facilitated by jurisdiction-wide political parties. The loose money scenario, while viable in most member states, would be unlikely to be acceptable in Germany. The article concludes, therefore, that all three scenarios most often predicted by the economics literature carry with them a risk that they will be difficult to sustain politically
773 08 - HOST ITEM ENTRY
Title British Journal of Political Science
Related parts 29, 2, p. 463-485
Place, publisher, and date of publication Cambridge : Cambridge Universtity Press, July 1999
International Standard Serial Number ISSN 0007-1234
Record control number
942 ## - ADDED ENTRY ELEMENTS (KOHA)
Koha item type Periódico
998 ## - LOCAL CONTROL INFORMATION (RLIN)
-- 20051104
Operator's initials, OID (RLIN) 1750^b
Cataloger's initials, CIN (RLIN) Analuiza

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