Abstract

One money for Europe? lessons from US currency union is Europe an optimum currency area? shocking aspects of European monetary unification ever closer to heaven? an optimum currency area index for European countries labour markets and European monetary unification the unstable EMS the poetical economy of fiscal restrictions - implications for Europe from the United States fiscal policy and monetary union - is there a tradeoff between federalism and fiscal restrictions? a more perfect union? on the logic of economic integration how will transatlantic policy interactions change with the advent of EMU? epilogue - inconsistent quartets.

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