I provide a structured comparison of the nineteenth-century classical gold standard and the Euro, basing my analysis heavily on recent research. Both similarities and differences are evident in the historical record. Both regimes were vaunted as engines of convergence, but in both cases...

In this volume, a group of distinguished economists, political scientists, and sociologists analyzes the political economy of European integration. The authors evaluate recent developments of European politics and institutions. They consider the current situation, and assess prospects for the...

"We examine whether the behavior of current account balances changed in the years preceding the global crisis of 2008-09, and assess the prospects for global imbalances in the post-crisis period. Changes in the budget balance are an important factor affecting current account balances for deficit...