The age of the euro has cast central banks in a newly prominent role in European integration and in macro-economic policy making in Europe. This text examines the effects of the euro as the new European single currency on the central banks of the member states of the European Union

"The Euro Area, the Schengen Area, the Franco-German 'motor' and Nordic cooperation illustrate how differentiation has become a pervasive and significant feature of European integration. This book offers an authoritative and comprehensive examination of differentiated integration in its...