€™s experience in creating the euro is exportable. It argues that the single currency is the result of a larger integrationist … the world, the euro will not be easily emulated. Other regions will have to find different means of addressing the tension …

about the adoption of the euro. In part this uncertainty reflects the unusual difficulty that monetary economists have in … that this uncertainty is unwarranted. Adopting the euro is clearly superior to the other monetary options available to the … members of the euro area should be happy to have them. To be sure, enlarging the monetary union will pose difficulties for …

in. For going on two years, growth in the countries of the Euro Area has been significantly slower than in the United … Europe’s stagnant economy. To the contrary, numerous critics complain, the advent of the euro has only compounded Europeâ …

moves toward regional trade integration in Asia? Or does the euro make a key difference through the elimination of exchange …

Most technocrats argue that creating the euro was a way of forcing the pace of political integration, since monetary … of the euro. Political integration in Europe has its limits; the trick is to understand when less is more. …