Building the New Europe

Single market and monetary integration of EEC countries, Germany's reunification and Central and East Europe's move towards the marketplace are redesigning the european political and economic spheres and creating great opportunities and challenges for Europe and the rest of the world. Europe in the nineties will take a new international policy direction, which may serve to strengthen supranationalism. The Community as a whole must ensure that these new steps make it possible to reconcile the economic interests of countries on the continent and in the rest of the world. This book deals with the problems raised by this process and is divided into three sections: the first section comprises five essays on fundamental themes of single-market process; the second section is devoted to the issue of monetary unification and the third and final section studies the connections between the 'new' Europe and the rest of the world.

Klappentext

Single market and monetary integration of EEC countries, Germany's reunification and Central and East Europe's move towards the marketplace are redesigning the european political and economic spheres and creating great opportunities and challenges for Europe and the rest of the world. Europe in the nineties will take a new international policy direction, which may serve to strengthen supranationalism. The Community as a whole must ensure that these new steps make it possible to reconcile the economic interests of countries on the continent and in the rest of the world. This book deals with the problems raised by this process and is divided into three sections: the first section comprises five essays on fundamental themes of single-market process; the second section is devoted to the issue of monetary unification and the third and final section studies the connections between the 'new' Europe and the rest of the world.

Inhalt
Preface - PART I BASIC ISSUES FOR BUILDING THE NEW EUROPE - The Building of the New Europe: National Diversity Versus Continental Uniformity; J.Meade - Monetary Policies for the New Europe; R.Mundell - PART II TOWARDS THE SINGLE MARKET: PROBLEMS AND PERSPECTIVES - Institutional and Constitutional Preconditions for Growth Effects Resulting from European Integration; S.Borner - Real Saving Growth in Western Europe: Exploring Future Patterns; M.Lo Cascio - Some Lessons from Development Economics for Southern and Eastern Europe; R.S.Eckaus - Perspectives for Employment in Europe after 1992; G.Caravale - Integration Problems of the East and West German Economy J.Kr ger - PART III EUROPEAN MONETARY UNION - IMS: the International Monetary System...or Scandal?; R.Triffin - On the Road to EMU; M.Fratianni and J.von Hagen - Adjustment Difficulties within a European Monetary Union: Can They Be Reduced?; A.J.Hughes Hallett and D.Vines - Currency Unification and Real Exchange Rates; W.Kohler - Towards a Common Monetary Policy in the Transition: the Role of the ECU and Required Reserves; D.Gros - Monetary Union and Its Implications for Fiscal Policy; D.Cohen - A Political Economy of Economic and Monetary Union; A.Tyrie - From the EMS to the EMU: The Role of Policy Coordination; F.Farina - The European System of Central Banks Role in the European Integration Process; L.V.Spagnolo - The Political Economy of the Hard-ECU Proposal; P.Bofinger - Aspects of the British Debate on EMU; J.Williamson - The Fluctuations of the Mark/Dollar Exchange Rate and Their Impact on European Rates: the Case of the Lira and the French Franc; M.Tivegna - Sequencing and Timing of Stabilization Policies: the Case of German Monetary Union; E-M.Claassen - German Monetary Union: Experiences and Problems; N.Walter - EMU and Greece: Issues and Prospects for Membership; M.Xafa - PART IV NEW EUROPE AND WORLD ECONOMY - Europe in the World Economy; C.P.Kindleberger - The New Europe and the Japanese Strategy; I.Yamazawa - Can Europe Compete with Japan and the United States?; G.Fodella - Index