The peristence of European unemployment stands in striking contrast to the cyclical pattern of unemployment in the US. Many people attribute the rise in European unemployment to increased imbalances between the pattern of labour demand and supply - in other words, to greater mismatch, but...

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...

This study investigates whether the common monetary policy by the European Central Bank leads to asymmetric macroeconomic developments in the EU member countries. Several theoretical models of monetary unions are developed to assess how differences in particular channels of transmission...

Monetary Policy in the European Monetary Systems (EMS) provides the reader with a critical assessment of the EMS operation, focusing on key issues like intervention in money and foreign exchange markets and credibility of EMS exchange rate bands. The book also reopens the discussion on the "EMS...

In this volume, a group of distinguished economists and political scientists analyzes the political economy of European integration. The authors evaluate recent developments of the European Monetary and Fiscal Policy. They consider the current situation, and assess prospects for the future of an...

Outstanding social scientists (economists, sociologists, political scientists, and policy researchers) discuss in this book the issue of the social aspects of European integration. For each field, they sketch out the main problems, provide a survey on the relevant literature, and point to areas...