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The Euro: A Concise Introduction to European Monetary Integration

Madeleine O. Hosli
The Euro: A Concise Introduction to European Monetary Integration
ISBN: 978-1-58826-376-6
ISBN: 978-1-58826-352-0
2005/126 pages/LC: 2005011007

"Any seeking a short history of the European monetary system and how it's being integrated today must have Madeleine O. Hosli's The Euro."—Midwest Book Review

"An excellent concise introduction to the origins and workings of the euro." —Amy Verdun, Jean Monnet Chair, University of Victoria

"Hosli succinctly explains all of the key issues necessary to understanding the origins of EMU, the current debates, and the future implications of the euro project. This book is an important contribution to all those who teach about the European Union." —Peter H. Loedel, West Chester University


Tackling the alphabet soup of European Union treaties, structures, and policies, this straightforward introduction demystifies the European Economic and Monetary Union (EMU).

Hosli first traces the history of monetary integration in Western Europe and discusses the political and economic factors that led ultimately to the establishment of EMU and the euro. Then—in language accessible to the nonspecialist—she explains how it actually works. Ranging from institutions to performance to the impact of the euro both within Europe and on the international monetary system, she provides a welcome primer on this new phenomenon in the global political economy.


Madeleine O. Hosli is associate professor of international relations at the University of Leiden. She is coeditor of Institutional Challenges in the European Union.


  • Introduction.
  • The Snake and the European Monetary System.
  • Toward the Creation of European Economic and Monetary Union.
  • The Structure of the European Central Bank System.
  • Exchange Rates, Monetary Policy, and Fiscal Stability.
  • The Euro and the International Monetary System.
  • Conclusion.