Readership: Researchers and graduate students interested in development economics, monetary economics, and the euro.
Edited by Charles Wyplosz, Graduate Institute of International Studies, Geneva
"Highly readable ... will no doubt prove useful for both specialists in the subject as well as policy-makers" - The Journal of Development Studies
I. Introduction1: Charles Wyplosz: Introduction and Overview
II. Impact on Europe2: Jürgen von Hagen and Kenneth Kletzer: Monetary Union and Fiscal Federalism
3: Alex Cukierman: Accountability, Credibility, Transparency and Stabilization Policy in the Eurosystem
4: Harald Uhlig: The Role of National Central Banks and of Different Policy Cultures
5: Alessandra Casella: Games Central Bankers (Could) Play: Markets versus Politics in Public Policy Decisions
6: Samuel Bentolila and Gilles Saint-Paul: Will EMU Increase Eurosclerosis?
7: Marius Brülhart: Europe's Industrial Structure and Geography
8: Harry Flam and Per Jansson: Exchange Rate Uncertainty, Trade, and Investment with and without EMU
III. Impact on the Rest of the World9: Jean-Pierre Danthine, Francesco Giavazzi, and Ernst-Ludwig von Thadden: World Banking and Finance with EMU
10: Barry Eichengreen and Donald Mathieson: The New International Monetary and Financial System
11: Benjamin Cohen: EMU and the Developing Countries
12: Patrick Honohan and Philip Lane: Will the Euro Trigger More Monetary Unions in Africa?
13: John Cuddington and Hong Liang: Will the Emergence of the Euro Affect World Commodity Prices?
14: David Begg: The Impact of EMU on European Transition Economies: Commitment, Institutional Capacity and the Monetary—Fiscal Mix
IV. Conclusions15: Charles Wyplosz: A Critical View and the Research Agenda