The book investigates the contemporary functioning of financial institutions and monetary policies in order to assess their effects in different economic situations. It advances some proposals to improve their contribution towards a more stable and vigorous economy in the context of both developed and developing countries.

This book considers some important economic issues currently facing the EU and examines its prospects. Topics covered include: the Broad Economic Policy Guidelines; the Growth and Stability Pact; company taxation in the enlarged EU; and the CAP and the European constitution and fiscal federalism.