Unless Europe takes action soon, its further economic and political decline is almost inevitable, economists Alberto Alesina and Francesco Giavazzi write in this provocative book....

Almost a year after the European Central Bank (ECB) officially \"opened for business,\" this second major report in the Monitoring European Central Bank series provides a detailed analysis of the ECB\'s actions and alerts the public to the main issues raised by the policies pursued by the ECB during its first year....

The European Monetary System has, since its inception in 1979, provided a fascinating example of policy coordination in practice. As concern about exchange-rate instability and global economic imbalances has grown, both academic researchers and policy makers have looked to the EMS for lessons about cooperation on a wider scale....

The third title in the MECB series begins with a review of the main events of the year and how the ECB has dealt with them....

This volume analyzes the European Community\'s transition to economic and monetary union (EMU) in the light of the agreements reached at Maastricht last year. It derives from a conference held by the CEPR and the Bank of Portugal, and includes among its contributors a number of noted academic commentators on European integration....