(EMU), signalling the emergence of a truly European economy. The authors devote their considerable expertise to the … analysis of macroeconomic policies within EMU and the economic analysis underlying the conduct of these policies. The authors … eleven countries to qualify for EMU and speculate whether the same countries would have joined if the qualification date had …

The future of European Monetary Union (EMU) stands as one of the most important economic issues of the era. The author … argues that in the event of macroeconomic shocks, rather than acting as a cohesive force, EMU could give rise to disunity. As … EMU is not an optimal currency area, asymmetric shocks affecting each country differently could be critical to its future …

integration, economic thought at the European Community institutions, and the establishment of Economic and Monetary Union (EMU … nature of EMU and the path towards it. With the aid of crucial case studies, Ivo Maes goes on to chart the growing awareness …-oriented policy conception - both vital and necessary factors in the genesis of EMU. Drawing on the extensive experience of the author …