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European Monetary Integration Edited by Hans-Werner Sinn, Mika Widgrén and Marko Köthenbürger  Table of Contents and Sample ChaptersThe success of European monetary integration—called by the editors of this CESifo volume "one of the most far-reaching, real world experiments in monetary policy to date"—is not assured. Policy makers have been forced to deal with challenges posed by formulating a uniform monetary policy for countries with asymmetric business cycles and economies in different stages of development as well as with the fiscal and financial implications of a unified currency. The contributors to European Monetary Integration, all prominent economists and scholars, combine theoretical analysis and policy recommendation in their examination of these difficulties. In the first three chapters they consider issues raised by asymmetry problems, including imperfect labor and goods markets, the problem of monetary policy objectives when "one size does not fit all," and the possibility of a bias toward smaller countries in the "one country, one vote" constitutional structure of the European Central Bank. In the last three chapters, they discuss fiscal concerns, including the distribution of seignorage revenues and the interaction of European Central Bank monetary policies and asset price dynamics. About the Editors Hans-Werner Sinn is Professor of Economics and Public Finance at the University of Munich. He is President of the Ifo Institute for Economic Research and Director of the Center for Economic Studies at the University of Munich. Mika Widgrén was Professor of Economics at the Turku School of Economics, Finland. Marko Köthenbürger is Assistant Professor at the Center for Economic Studies, University of Munich, and Research Director at CESifo. See Other Titles In:
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