pt. I. Extending theoretical and conceptual thinking about emerging markets -- pt. II. Operational practices in emerging markets and their implications -- pt. III. Looking forward : eclectic perspectives on emerging markets.

This book is a critical review of current fiscal and monetary policy in Europe and presents results of both empirical research and a discussion of the theoretical framework behind the policy of the European Central Bank and the Stability and Growth Pact. Macroeconomic policy is often hotly...