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1、CentralBanksintheAgeoftheEuroThispageintentionallyleftblankCentralBanksintheAgeoftheEuroEuropeanization,Convergence,andPowerEditedbyKennethDysonandMartinMarcussen13GreatClarendonStreet,Oxfordox26dpOxfordUniversityPressisadepartmentoftheUniversityofOxford.ItfurtherstheU
2、niversity’sobjectiveofexcellenceinresearch,scholarship,andeducationbypublishingworldwideinOxfordNewYorkAucklandCapeTownDaresSalaamHongKongKarachiKualaLumpurMadridMelbourneMexicoCityNairobiNewDelhiShanghaiTaipeiTorontoWithofficesinArgentinaAustriaBrazilChileCzechRepublic
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4、tributors2009ThemoralrightsoftheauthorshavebeenassertedDatabaserightOxfordUniversityPress(maker)Firstpublished2009Allrightsreserved.Nopartofthispublicationmaybereproduced,storedinaretrievalsystem,ortransmitted,inanyformorbyanymeans,withoutthepriorpermissioninwritingofO
5、xfordUniversityPress,orasexpresslypermittedbylaw,orundertermsagreedwiththeappropriatereprographicsrightsorganization.EnquiriesconcerningreproductionoutsidethescopeoftheaboveshouldbesenttotheRightsDepartment,OxfordUniversityPress,attheaddressaboveYoumustnotcirculatethis
6、bookinanyotherbindingorcoverandyoumustimposethesameconditiononanyacquirerBritishLibraryCataloguinginPublicationDataDataavailableLibraryofCongressCataloginginPublicationDataDataavailableLibraryofCongressControlNumber:2009924588TypesetbySPIPublisherServices,Pondicherry,I
7、ndiaPrintedinGreatBritainonacid-freepaperbytheMPGBooksGroupISBN978–0–19–921823–313579108642AcknowledgementsandPrefaceBygeneralconsentEuropeanmonetaryunionrepresentsanhistoriceventforEuropeanunificationandforEuropeanUnion(EU)memberstates.Manifestly,itisalsohistoricincent
8、ralbanking:Anew‘stateless’centralbankmanagingasinglecurrency,theeuro,for(by2009)sixteenEUmemberstates,whichvoluntaril
