European Monetary Union: Progress and Prospects

Front Matter....Pages i-xv
EMU: Prospects and Retrospect....Pages 1-17
Experience under the EMS and Prospects for Further Progress towards EMU....Pages 18-32
Comments on Peeters and Emerson....Pages 33-38
The EMS: Performance and Prospects....Pages 39-70
Monetary Divergences and Exchange-rate Changes in the European Community: the 1970s....Pages 71-94
Foreign Exchange Market Intervention using an ECU-indicator....Pages 95-119
Comments on Walter, Vaubel and de Grauwe and van den Bergh....Pages 120-122
European Monetary Arrangements and the International Monetary System....Pages 123-149
Comments on Llewellyn....Pages 150-151
The Case for Flexible Exchange Rates in 1980....Pages 152-167
On the Relative Bias of Flexible Exchange Rates....Pages 168-190
Comments on Laidler and Sumner and Zis....Pages 191-194
Increased Wage or Productivity Differentials in a Monetary Union....Pages 195-215
Comments on Allen....Pages 216-218
Fiscal Policy under EMU....Pages 219-227
Comments on Rybczynski....Pages 228-231
EMU: the Political Implications....Pages 232-247
European — American Relations: the Political Context....Pages 248-260
Comments on Marquand and Wallace....Pages 261-264
Back Matter....Pages 265-266