Chapter

Introduction: The Political and Institutional Deficits of European Monetary Union

Colin Crouch

in After the Euro

Published in print March 2000 | ISBN: 9780198296393
Published online November 2003 | e-ISBN: 9780191599002 | DOI: http://dx.doi.org/10.1093/0198296398.003.0001
 Introduction: The Political and Institutional Deficits of European Monetary Union

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The introduction of the single European currency, the euro, draws attention to the institutional deficit of the European Union: the organizational structures and forms of governance within which central banks and other monetary authorities are embedded within individual states, are lacking at the European level. This gives unusual prominence to financial structures.

Keywords: central banks; euro; European monetary union; European Union; financial structures; governance; institutional deficit; political deficit; single currency

Chapter.  10707 words. 

Subjects: European Union

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