Home › The EMU Project › Workgroups of EMU
THE EMU–COST WORKGROUPS :
At a time when European monetary unification is under threat, the Action aims to further our understanding of the changes brought about by monetary unions in the light of historical experience. It will improve our comprehension of how large economic and monetary zones have worked in the past, and by cooperating with institutions including national banks and the ECB contribute to a better understanding of the current Eurozone and its problems. The Action will provide new insights for sociologists, historians and economists.
Coinages are potent symbols in many ways. The Action will examine the dynamics of the rise and fall of unions; the reactions of populations to monetary change and the introduction of new symbolism on coins; consider local exchange systems, their acceptance and their relationship with national or dominant systems.
Workgroup 1 –
Implementing monetary unions.
Objectives: To analyse how monetary unions were implemented and administered, in particular the underlying ideologies and the role of political powers, economic theories and social entities in enforcing these.
Workgroup 2 –
Social implications, acceptance and rejection.
Objectives: To analyse how populations and institutions reacted to monetary unions, how acceptance and/or rejection was articulated, and what effect this had on the evolution of unions. Also to analyse the impact of European monetary integration on the structure of society, in particular in comparison with the the ongoing development of the eurozone as a social, political and economic space.
Workgroup 3 –
Rise and fall of monetary unions.
Objectives: To analyse the origins, ideology, development and demise of monetary unions through the centuries, to identify common patterns and characteristics, as well as specificalities. Why were monetary unions successful? Why did they fail ?