内容

目次

Fiscal federalism and European monetary union, Mark Baimbridge andPhilip Whyman. Part 1 Theoretical considerations of EMU: monetary integration- the intellectual pre-history, W. Max Corden; policy challenges under EMU,Charles Wyplosz. Part 2 Historical precedents: historical experience withmonetary unions - the case of Scandinavia 1875-1914, Niels Kaergard andIngrid Henriksen; German monetary union and the lessons for EMU, Ray Barrelland Dirk Willem te Velde. Part 3 Policy consequences of a single currency:monetary regimes, collective fiscal retrenchment and the political economy ofEMU, Ronald I. McKinnon; economic and monetary union and the EuropeanCommunity budget, Sir Donald MacDougall; EMU -monetary policy issues andchallenges, Jurgen von Hagen. Part 4 The impact upon external relations: theeuro and the stabilization of the Eastern European economy, David G. Mayes;EMU and the rest of the world - thinking about the effects on the realeconomy, L. Alan Winters.