Can the European Economic and Monetary Union survive as an institution providing the highest degree of monetary integration? Can it withstand crises in international markets and contribute to the stability of the global financial system? This book addresses these questions, emphasising the need for new forms of economic policy coordination.

Autorentext
HORST TOMANN is Jean Monnet Professor for European Economic Policy at the Economics Department, Freie University of Berlin, Germany. He received his academic education at the Universities of Cologne and the Saarland, and was a staff member at the German Council of Economic Experts. He has had several appointments as Visiting Professor, among others at the University of Pennsylvania (Wharton School) and the University of Birmingham. His main research field is applied economics with a special focus on the economics of European integration. He is the co-editor of Palgrave Macmillan's book series Studies in Economic Transition.

Inhalt
The History of Monetary Integration in Europe Theory of Optimum Currency Areas The Economic and Monetary Union: Institutions and Credibility The Monetary Policy Strategy of EMU Fiscal Policy Coordination and the Stability and Growth Pact The EMU and the Wage Bargain Real Convergence in a Monetary Union The New European Monetary System