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After the EuroShaping Institutions for Governance in the Wake of European Monetary Union$
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After the Euro: Shaping Institutions for Governance in the Wake of European Monetary Union

Colin Crouch

Print publication date: 2000

Print ISBN-13: 9780198296393

Published to Oxford Scholarship Online: November 2003

DOI: 10.1093/0198296398.001.0001

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National Wage Determination and European Monetary Union

National Wage Determination and European Monetary Union

Chapter:
(p.203) 8 National Wage Determination and European Monetary Union
Source:
After the Euro
Author(s):

Colin Crouch (Contributor Webpage)

Publisher:
Oxford University Press
DOI:10.1093/0198296398.003.0008

As nation states lose a number of monetary and fiscal policy powers through the introduction of European monetary union, national industrial relations systems may acquire a new importance. Within those countries where neo‐corporatist collective bargaining survives, it becomes a means whereby wages can adapt to different levels of productivity and competitiveness when devaluation and variable interest rates are no longer an option.

Keywords:   collective bargaining, competitiveness, European monetary union, fiscal policy, industrial relations, monetary policy, nation‐state, neo‐corporatism, productivity, wages

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