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The Future of the Euro - Oxford Scholarship Online
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The Future of the Euro

Matthias Matthijs and Mark Blyth


This book is an attempt by political economists to analyze the fundamental causes of the euro crisis, determine how it can be fixed, and consider what likely futures lie ahead for the currency. The book makes three interrelated arguments that emphasize the primacy of political over economic factors. First, the “euro problem” is discussed as the result of the single currency’s fundamental lack of institutional embeddedness, insofar as its original design omitted three “forgotten unions” alongside monetary union: a financial and banking union, mutually supporting institutions of fiscal union and ... More

Keywords: EU, euro, embeddedness, euro crisis, institutions, markets, political economy, currency

Bibliographic Information

Print publication date: 2015 Print ISBN-13: 9780190233235
Published to Oxford Scholarship Online: March 2015 DOI:10.1093/acprof:oso/9780190233235.001.0001


Affiliations are at time of print publication.

Matthias Matthijs, editor
Johns Hopkins University-SAIS

Mark Blyth, editor
Brown University

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1 Introduction

Matthias Matthijs and Mark Blyth

Section I The Euro Problem

Section II The Euro Experience

6 The Reluctant Leader

Schmidt Newman

Section III The Euro Future

10 European Integration Past, Present, and Future

Craig Parsons and Matthias Matthijs

12 Conclusion: The Future of the Euro

Matthias Matthijs and Mark Blyth

End Matter