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CONTENTS: The Lessons of History; Stages of European Integration; The Role of Monetary Policy in the Integration Process; Common Currency as Pace-Setter for Political Union; The Labour Market & Social Union; Compensatory transfers; Possible Political Tensions; Institutional Arrangements & 'Good Money from Outside'; The Difficulties & Risks of Monetary Union; Barriers Against Deficits & Debts; Constitutional restraints; Ambivalence of the Political Union; Summary.
Vítor Gaspar, Otmar Issing, Oreste Tristani, David Vestin, Vítor Gaspar, Frankfurt) Gaspar, Vitor (European Central Bank, Frankfurt) Issing, Otmar (European Central Bank, Frankfurt) Tristani, Oreste (European Central Bank, Frankfurt) Vestin, David (European Central Bank
Otmar Issing, Vitor Gaspar, Ignazio Angeloni, Oreste Tristani, Frankfurt) Issing, Otmar (European Central Bank, Frankfurt) Gaspar, Vitor (European Central Bank, Frankfurt) Angeloni, Ignazio (European Central Bank, Frankfurt) Tristani, Oreste (European Central Bank