Britain is confronted with the EU and its Economic and Monetary Union or the 'eurozone' an area of 12 EU Member States in which the Euro is the single currency. At a time in which the discussion revolves around the future of national currencies, this work looks at the question of monetary integration for the cases of Britain and Canada.

This book provides a thorough examination of the phenomenon of Euroscepticism in the United Kingdom. It begins by arguing that Euroscepticism has roots as far back as when the process of European integration first came into being, and that it is not new in British politics. As a suggestion of opposition to the process of European integration, Euroscepticism dates back to the early days of founding a union in Western Europe. This book shows that Eurosceptic Britain is a product of a variety of factors particularly related to history, politics, culture, and geography. The unique specificities of the British political system comprise another important reason for Eurosceptic attitudes in Britain. The book also examines the relation between the Eurosceptic discourse in Britain and the structure of the European Union’s institutions. It argues that much of British Euroscepticism is about the way these institutions are operated. Most importantly, it highlights that the enduring Eurozone crisis has contributed to shaping recent varieties of scepticism towards the European Union as a whole, before concluding that Euroscepticism could not relocate Britain outside its natural place within Europe.

In this volume, Louis-Philippe Rochon and Hassan Bougrine bring together key post-Keynesian voices in an effort to push the boundaries of our understanding of banks, central banking, monetary policy and endogenous money. Issues such as interest rates, income distribution, stagnation and crises – both theoretical and empirical – are woven together and analysed by the many contributors to shed new light on them. The result is an alternative analysis of contemporary monetary economies, and the policies that are so needed to address the problems of today.

The EU has become an important international actor. Its internal policies often have repercussions far beyond its borders. It is also increasingly becoming a proactive global actor, defending its interests and projecting its norms and values in both bilateral and multilateral external relations. This volume has a special focus on external economic relations and includes chapters on the Euro, trade policy, and competition policy as well as on specific bilateral relationships. The section on relations with industrialized countries deals with the United States, Canada, Russia, Japan and China, while the section on relations with developing countries has chapters on administrative reform, environmental cooperation, Cuba, Central America and Iran. The book thus gives an up-to-date overview of important aspects of the EU's external relations. With a focus on political economy, it traces the continuous interplay of economics and politics that has characterized the EU's development of a fully-fledged foreign policy. What emerges is a picture of a European Union that is better equipped institutionally to deal with economic, rather than political issues.

Europe’s Economic and Monetary Union (EMU) celebrated its tenth anniversary in 2009. Before its birth many observers were concerned about its viability. This volume examines a number of noteworthy concerns that were heard a decade ago and it assesses what has become of them. The contributors to this volume examine various topics. Has EMU been a failure or success? Does EMU require more political integration? What type of deeper integration in the financial market has occurred because of EMU? Does the public like EMU? Does EMU cause a decline of the welfare state, reduce the role of labour unions and are adjustments now made mainly through the labour market? Do countries in EMU become more similar over time? Is EMU sustainable in the long-run? Will EMU survive the global financial crisis? The contributors to this book are leading Political Scientists in the field, and draw on a wealth of research and experience. This book was published as a special issue of the Journal of European Public Policy.

Benjamin J. Cohen has been one of the most original and influential writers on international political economy. This book provides an overview of his contribution to the field, grouped around the central theme of global monetary governance. The book is divided into three sections: challenges to systemic governance - examines the challenge of governance of the international monetary system looking at such crucial issues as monetary reform, the growth of capital markets and financial globalization dealing with financial crisis – looks at efforts to deal effectively with financial crises, analyzing the relationships between governments and banks in the management of international debt problems and the case for capital controls. There are case studies of the Asian financial crisis and several other key instances of instability in world markets the new geography of money – analyzes the crisis of legitimacy created by a global system where governing authority is exercised now more by market forces than by sovereign states. It explores the geopolitical implications of the competition between the two most widely used currencies in the world today, the US dollar and the Euro and spells out the main implications for policy makers. The concluding chapters evaluate the merits and prospects for the two most widely discussed policy alternatives available to governments responsible for the world’s many less competitive currencies – dollarization or monetary union.

This book demarcates the barriers and pathways to major power security cooperation and provides an empirical analysis of threat perception among the world’s major powers. Divided into three parts, Emil Kirchner and James Sperling use a common analytical framework for the changing security agenda in Canada, France, Germany, Italy, Japan, the Russian Federation, the United States, the United Kingdom, and the EU. Each chapter features: an examination of national ‘exceptionalism’ that accounts for foreign and security policy idiosyncrasies definitions of the range of threats preoccupying the government, foreign policy elites and the public assessments of the institutional and instrumental preferences shaping national security policies investigations on the allocation of resources between the various categories of security expenditure details on the elements of the national security culture and its consequences for security cooperation. Global Security Governance combines a coherent theoretical framework with strong comparative case studies, making it ideal reading for all students of security studies.