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?A regulatory idea conducted this work: the need to connect the economic rationale of the theory of currency areas with the current EU institutional frame of the European monetary unification process. The latter includes the recent revamping of fiscal rules of…

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First published in 2000. Routledge is an imprint of Taylor & Francis, an informa company.

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International Capital Flows in Calm and Turbulent Times analyzes the financial crises of the late 1990s and draws attention to the type of lenders and investors that triggered and deepened the crises. It concentrates on institutional investors and banks and…

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The enlargement that encompassed the accession of Greece in 1981 and of Spain and Portugal in 1986 significantly altered the balance of the European Community. This important new book from the Centre for Economic Policy Research examines theoretical issues in the…

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This book describes and evaluates the literature on exchange rate economics. It provides a wide-ranging survey of the different theories that attempt to explain the behavior of exchange rates, and outlines the salient institutional characteristics of the modern…

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A team of experts on the European economy focuses on the three major issues of fiscal policy, monetary policy and labor markets in this collection. They provide a survey of recent research on each topic as well as related state-of-the-art contributions. The early…

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This volume is the sixth in an annual series in which top economists provide a concise and accessible evaluation of major developments in trade and trade policy. An accessible and highly digestible information source on current trade and policy developments at…

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Trade Policy in Developing Countries is a research treatise aimed at academics, graduate students and professional, policy-oriented economists. It is the first work in the field to analyze trade policy in an integrated theoretical framework based on optimizing…

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Exchange rate instability and crises are a fact of economic life in today's world of open international capital markets. Yet this was not always the case: for more than a third of a century prior to 1914, the gold standard reconciled open financial markets with…

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Expectations, Employment and Prices brings Keynesian economics into the 21st century by providing a new paradigm that explains how high unemployment could potentially persist forever without a little help from the government. The book fills in logical gaps that…

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This volume is the fifth in a an annual series in which top economists provide a concise and accessible evaluation of major developments in trade and trade policy. * An accessible and digestable information source on current trade and policy developments at…

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This book addresses one of the major theoretical issues that underlies, implicitly or explicitly, some recurrent controversies in macroeconomics - namely, whether a competitive monetary economy has built-in mechanisms that are strong enough to remove excess…