prolonged growth. They contend that the economic impact of the euro, and its accompanying institutions, is likely to be … as the Stability and Growth Pact which govern the euro. The authors propose alternative policy and institutional … arrangements within which the euro should be embedded. They demonstrate that these would have the benefits of a single currency …

first analyse the development of the euro area from a historical perspective. They then examine the criteria for the first … been a year later. The authors go on to examine purely macroeconomic aspects of the euro area including: * the degree of … real convergence in the euro area * the short-run and long-run determinants of the euro area's current account * the euro …

This important new book provides a non-technical, comprehensive overview of the central issues surrounding the euro … process that led to the creation of the euro area. The book then explores the economics and architecture of the euro …ch. 1. The Euro and the origins of European integration -- ch. 2. Before the Euro : the first steps in the process of …