The financial crisis in Europe has resulted in a new assessment of monetary and financial integration both in Europe and in Asia. Before the current crisis, regional integration in monetary and fiscal affairs including mechanisms to stabilize exchange rates enjoyed a lot of academic and...

According to the wishes of the signatory states, the Maastricht treaty, which only came into force in November 1993, is to be re-assessed at another inter-governmental conference in 1996. Which issues should the inter-governmental conference deal with? Which Maastricht I rules require revision,...

At the end of the postwar period, the politically shaped configurations of normatively integrated European political economies differed greatly among "social-market" and "liberal market economies." Such differences persist even though the characteristic achievements of social market economies...

We use industry valuation differentials across European countries to study the impact of membership in the European Union as well as the Eurozone on economic and financial integration. In integrated markets, discount rates and expected growth opportunities should be similar within one industry,...