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Journal of Economic Literature - Book Review

JEL Volume. 51, Issue 2 | leftPrevious Review Next Review right

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Book(s) Reviewed

Making the European Monetary Union: The Role of the Committee of Central Bank Governors and the Origins of the European Central Bank by Harold James

Published By: With a foreword by Mario Draghi and Jaime Caruana. Cambridge and London: Harvard University Press, Belknap Press
ISBN: 978-0-674-06683-0
Date of Publication: 2012


Book Review Detail

Reviewed by: Daniel Gros of Centre for European Policy Studies
Review DOI: 10.1257/jel.51.2.544.r3
Review Pages: 549-52

Book Review Abstract

Daniel Gros of Centre for European Policy Studies reviews, "Making the European Monetary Union: The Role of the Committee of Central Bank Governors and the Origins of the European Central Bank" by Harold James. The Econlit abstract of this book begins: "Explores the creation of the European Monetary Union and considers its design, process, and risks. Discusses a Napoleonic prelude; the origins of the Committee of Governors; the response to global monetary turbulence; the metaphor of the snake; negotiating the European Monetary System; the malaise of the 1980s; the Delors Committee and the relaunching of Europe; designing a central bank; and the European Monetary System crises. James is Claude and Lore Kelly Professor in European Studies and Professor of History and International Affairs at Princeton University."


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Book Review Authors

Daniel Gros of Centre for European Policy Studies


JEL Classifications

E52: Monetary Policy
E58: Central Banks and Their Policies
F33: International Monetary Arrangements and Institutions
F36: Financial Aspects of Economic Integration
N13: Economic History: Macroeconomics; Growth and Fluctuations: Europe: Pre-1913
N14: Economic History: Macroeconomics; Growth and Fluctuations: Europe: 1913-


Journal of Economic Literature


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