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Contents: Preface The Athenian Policy Forum Introduction PART ONE:PROBLEMS OF INTERNATIONAL TRADE 1. Currency Misalignments and TradeAsymmetries Among Major Economic Areas Dominick Salvatore 2. Free Trade andPoverty Fernando A. Noriega-Urena PART TWO: EXCHANGE RATE ASPECTS ANDFINANCIAL MARKETS 3. The East Asian Dollar Standard, Fear of Floating, andOriginal Sin Ronald McKinnon and Gunther Schnabl 4. Integration andConvergence of Financial Markets in the European Union Bala Batavia,Parameswar Nandakumar and Cheick Wague PART THREE: ASYMMETRIES IN BANKINGSECTORS 5. Asymmetries in US Banking: The Role of Black-Owned BanksNicholas A. Lash 6. The Extranjerizacion of the Mexican Banking Sector:Expectations and Results Carlos A. Rozo PART FOUR: MONETARY POLICY ISSUES7. Asymmetries in Transatlantic Monetary Policy Relationship? ECB versus FEDAnsgar Belke and Daniel Gros 8. Rethinking Monetary Stabilization in thePresence of an Asset Bubble: Should the Response be Symmetric or Asymmetric?Marc D. Hayford and A.G. Malliaris PART FIVE: ACCESSION COUNTRIES AND EMU9. The Internationalization of the Euro: Trends, Challenges and Risks GeorgeMichalopoulos 10. Linkages in the Term Structures of the EU AccessionCountries Minoas I. Koukouritakis and Leo Michelis Index