This paper focuses on the requirements and features of a successful monetary union on the basis of the optimum currency area theory, the “logical roadmap” for integration as proposed by Balassa as well as the economic and institutional framework of the European Economic and Monetary Union...

Intro -- Contents -- List of Illustrations -- Preface -- Introduction: The Story of the Euro -- Chapter 1 Blood and Gold -- Chapter 2 At the Epicentre -- Chapter 3 Tyranny of the Mark -- Chapter 4 The Coming Trial -- Chapter 5 Shock Waves -- Chapter 6 Europe's Destiny -- Chapter 7 Coping with...