single market and the euro -- The economics of the single market (Harry Flam) -- Factor movements : FDI (Bent Sørensen …, Carolina Villegas-Sanchez) -- The euro as an international currency (Agnès Bénassy Quéré) -- Monetary and fiscal policy -- The … common currency : more complicated than it seems (Charles Wyplosz) -- Design failures in the euro area : can they be fixed …