National Wage Determination and European Monetary Union

Crouch, Colin

doi:10.1093/0198296398.003.0008

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National Wage Determination and European Monetary Union

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Crouch, Colin
Auswärtiges Wissenschaftliches Mitglied, MPI for the Study of Societies, Max Planck Society;
University of Warwick Business School, UK;

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http://dx.doi.org/10.1093/0198296398.003.0008
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Citation

Crouch, C. (2000). National Wage Determination and European Monetary Union. In C. Crouch (Ed.), After the Euro (pp. 203-226). Oxford: Oxford University Press.

Cite as: https://hdl.handle.net/11858/00-001M-0000-0012-568C-6

Abstract

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.