Once upon a time, in the 1990s, it was widely agreed that neither Europe nor the United States was an optimum currency area, although moderating this concern was the finding that it was possible to distinguish a regional core and periphery (Bayoumi and Eichengreen, 1993). Revisiting these...

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...