This paper provides an assessment of India's inflation-targeting regime. It shows that the Reserve Bank of India is best characterized as a flexible inflation targeter: contrary to criticism, it does not neglect changes in the output gap when setting policy rates. The paper does not find that...

In this paper we describe some of the opportunities and perils for international monetary cooperation associated with EMU. Our approach brings together two strands in the literature: one concerned with institutions, the other focusing on policy consensus

This article considers the evolution of Europe's monetary union over the next five to ten years, concentrating on the most important likely change, namely the increased number and heterogeneity of participating states

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...