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...

This fascinating book, a dialogue by leading economists, offers an extensive review of the impact of the introduction of the euro on the international monetary system. The authors dissect the impact of the euro on living standards in developed and developing countries, the growth of the euro zone, the role of the International Monetary Fund, and the function of gold in the international monetary system. Also discussed is the design of a new international financial architecture and its impact on the wealth of nations. The critique is frank, entertaining, and sometimes conflicting, empowering...