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Preface Acknowledgements List of Contributors Introduction: An Overview of European Monetary Integration; M.Baimbridge, B.Burkitt & P.Whyman PART I: THE ECONOMICS OF A SINGLE CURRENCY The Case for European Monetary Union; N.M.Healey The Economic Consequences of EMU for Britain; J.Michie Joining Europe's Currency; R.Layard The Single Currency - Will it Work and Should We Join?; P.Minfold PART II: ECONOMIC POLICY CONSEQUENCES OF A SINGLE CURRENCY Saving Europe's Automatic Stabilisers; B.Eichengreen The Deflationary Consequences of the Single Currency; P.Arestis & M.Sawyer EMU: Threats and Opportunities for Companies and National Economies; Lord Currie of Marylebone British EMU Membership Would Create Instability and Destroy Employment; W.Eltis PART III: WORK, EMPLOYMENT AND BUSINESS The Case for the Single Currency; C.Haskins EMU and the Opportunities for British Business; Lord Simon of Highbury Business Attitudes to EMU and the Risk to Stability; S.Davies A Single Currency for Europe - Considerations for Workers; J.Monks The Single Currency and the European Social Model; J.Edmonds PART IV: SOVEREIGNTY AND POLITICAL DETERMINATION Sovereignty in the Modern World; E.Heath Sterling Democracy or European Bureaucracy?; J.Redwood The Case for the European Single Currency and for the UK Joining It; G.Radice The Case Against the Maastricht Model of Central Bank Independence; D.Abbott Glossary Index