European Monetary Integration

Edited by Eric J. Pentecost, Professor of Economics, Department of Economics, Loughborough University, UK and André Van Poeck, Professor of Economics, Department of Applied Economics, University of Antwerp, UFSIA, Belgium

• Contents: Preface 1. The Historical Background to European Monetary Union Part I: EMU: The Past, 1979–99 2. The Political Economy of Transition to Monetary Union in Western Europe 3. German Monetary Unification and its Implications for EMU 4. The Theory of Monetary Union and EMU Part II: Present Issues for EMU 5. Monetary Policy in EMU 6. Fiscal Policy in EMU 7. EMU and European Unemployment Part III: The Future: Beyond 2000 8. ERM-II: Problems for the ‘Outs’ and their Relationship with the ‘Ins’ 9. Exchange Rate Strategies of New EU Entrants References Index

'In European Monetary Integration, the editors E.J. Pentecost and A. van Poeck, put together a series of papers that provide a useful overview of the continuing efforts by the European Union to establish, maintain, and extend a common European currency. The editors have done well in presenting analyses that cover the past of the system before addressing the current and future issues . . . European Monetary Integration presents a series of informative papers that provide well-balanced expositions of empirical material and analyses. The collection is quite appropriate for an audience with less-profound knowledge of the issues.'