The globalisation of the world economy has raised many fears for employment and growth in the advanced economies. Foreign investment has been one of the major factors driving globalisation. The papers in this volume address the role of German foreign investment in the European growth process....

There are new monetary and fiscal frameworks in place for the countries in the Euro Area. The European Central Bank has a remit to maintain price level stability in the medium term, and it has developed a two pillar strategy, with interest rates being set in relation to a reference value of M3...