One money for Europe? lessons from US currency union; is Europe an optimum currency area? shocking aspects of European monetary unification; ever closer to heaven? an optimum currency area index for European countries; labour markets and European monetary unification; the unstable EMS; the poetical economy of fiscal restrictions - implications for Europe from the United States; fiscal policy and monetary union - is there a tradeoff between federalism and fiscal restrictions? a more perfect union? on the logic of economic integration; how will transatlantic policy interactions change with the advent of EMU? epilogue - inconsistent quartets.
Barry Eichengreen stands out among American economists as being a supporter of European monetary integration who is able to give a lucid critique of some aspects of it. The book is readable and relevant, while at the same time setting the standard for research in this area. I can heartily recommend it to specialists and the general reader alike. -- Paul Masson, International Monetary Fund Barry Eichengreen has done more than any other economist to help us understand the workings, opportunities, and risks of European monetary union. Anyone already interested in EMU will have read some of the papers on which this book is based -- and will want to read the rest. Anyone newly interested in EMU should start at the beginning and not stop. Other economists have collected their papers on EMU, but this is the best by far. -- Peter B. Kenen, Princeton University Barry Eichengreen has over the past decade raised the standard of thedebate on Europe's monetary unification in a number of articles collectedin this volume. He combines the skills of an econometrician with theaccurate analysis and critical judgement of political decision process byan economic historian. By using the US experience of its currency union asa benchmark he has put challenging questions to European policy makers. -- Niels Thygesen, University of Copenhagen
Barry Eichengreen is George C. Pardee and Helen N. Pardee Professor of Economics and Political Science at the University of California, Berkeley. He is the author of Capital Flows and Crises (MIT Press, 2002) and other books.
"Barry Eichengreen has over the past decade raised the standard of thedebate on Europe's monetary unification in a number of articles collectedin this volume. He combines the skills of an econometrician with theaccurate analysis and critical judgement of political decision process byan economic historian. By using the US experience of its currency union asa benchmark he has put challenging questions to European policy makers." Niels Thygesen , University of Copenhagen
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