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Euroland and the World Economy

Global Player or Global Drag?

  • Book
  • © 2007

Overview

Editors:
  1. Jörg Bibow

    1. Skidmore College, New York, USA

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    You can also search for this editor in PubMed   Google Scholar

  2. Andrea Terzi

    1. Università Cattolica, Milan, Italy

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    You can also search for this editor in PubMed   Google Scholar

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Table of contents (14 chapters)

  1. Front Matter

    Pages i-xiii
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  2. Introduction: Euroland and the World Economy — Global Player or Global Drag?

    1. Introduction: Euroland and the World Economy — Global Player or Global Drag?

      • Jörg Bibow, Andrea Terzi
      Pages 1-11

  3. Euroland on a Collision Course

    1. Front Matter

      Pages 13-13
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    2. Global Imbalances, Bretton Woods II, and Euroland’s Role in All This

      • Jörg Bibow
      Pages 15-42

    3. Wage Divergences in Euroland: Explosive in the Making

      • Heiner Flassbeck
      Pages 43-52

    4. Can the Euro Area Play a Stabilizing Role in Balancing Global Imbalances?

      • Philip Arestis, Malcolm Sawyer
      Pages 53-71

  4. Policy Coordination and Increased Integration as Means to Properly Steer Euroland

    1. Front Matter

      Pages 73-73
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    2. Whatever Happened to ‘Policy Coordination’?

      • James Forder
      Pages 75-90

    3. The Economic Rationale of the EMU and the Euro

      • C. Sardoni
      Pages 91-103

    4. Righting Global Imbalances: Recession, Protection or Reflation?

      • Alex Izurieta, George Irvin
      Pages 104-131

  5. Reforming Euroland’s Institutional Framework and Macroeconomic Policy Governance

    1. Front Matter

      Pages 133-133
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    2. Replacing the Stability and Growth Pact?

      • C. A. E. Goodhart
      Pages 135-153

    3. Fiscal Policy and Macroeconomic Performance in the Euro Area: Lessons for the Future

      • Eckhard Hein, Achim Truger
      Pages 154-183

    4. Germany’s Choice and Lessons from Japan: Supply vs. Demand Policy, Fiscal vs. Monetary Policy

      • Richard Werner
      Pages 184-214

    5. You Can’t Always Get What You Want: Why Europe is Not Keynesian-able While the US New Economy is Driven by Financial Keynesianism

      • Riccardo Bellofiore, Joseph Halevi
      Pages 215-232

  6. Prospects and Limits of the Euro as a Global Currency

    1. Front Matter

      Pages 233-233
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    2. ‘Not my fault’ or Would Spreading the Maastricht Wisdom beyond Europe Really Do Much Good at All?

      • Fabrice Capoen, Jérôme Creel
      Pages 235-265

    3. The Role of the Euro in the International Monetary Arena: Present and Prospects

      • Sergio Rossi
      Pages 266-287

    4. International Payments Imbalances and the Prospective Role of the Euro

      • Andrea Terzi
      Pages 288-303

  7. Back Matter

    Pages 304-311
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Keywords

About this book

This book takes a broad perspective to challenge orthodox views about the role of Euroland in the world economy, providing a comprehensive framework to address important questions for the future of the Euro, including the key question: will the single currency contribute to world economic dynamism or be driven by the vigour and vitality of others?

Reviews

'This volume is a welcome and timely incursion into the world of euro-think that tends to praise anything even remotely connected to the European project.' - Business and Finance Ireland

Editors and Affiliations

  • Skidmore College, New York, USA

    Jörg Bibow

  • Università Cattolica, Milan, Italy

    Andrea Terzi

About the editors

PHILIP ARESTIS University Director of Research, Cambridge Centre for Economics and Public Policy, University of Cambridge, UK; Senior Scholar, Levy Economics Institute, New York, US; Vice-Chair, Macroeconomics, Money and Finance Research Group RICCARDO BELLOFIORE Professor of Political Economy, 'Hyman P. Minsky' Department of Economics, University of Bergamo, Italy; Research Associate, History and Methodology of Economics Group, Faculty of Economics and Econometrics, University of Amsterdam, The Netherlands FABRICE CAPOEN Assistant Professor of Economics, University of Caen, France; Research Fellow, Observatoire Français des Conjonctures Économiques, Fondation Nationale des Sciences Politiques, France JÉRÔME CREEL Research Fellow at Observatoire Français des Conjonctures Économiques, Fondation Nationale des Sciences Politiques, France; Deputy Director, OFCE, Paris, France HEINER FLASSBECK Honorary Professor, Hamburg University, Germany; Director, Division on Globalisation and Development Strategies, UNCTAD Secretariat JAMES FORDER Fellow, Balliol College, Oxford, UK CHARLES GOODHART Member, Financial Markets Group, London School of Economics, UK JOSEPH HALEVI Senior Lecturer, Faculty of Economics and Business, The University of Sydney, Australia ECKHARD HEIN Senior Researcher, Macroeconomic Policies, Macroeconomic Policy Institute (IMK), Hans Boeckler Foundation, Duesseldorf, Germany; Visiting Professor, Carl von Ossietzky University Oldenburg, Germany; Visiting Professor, Vienna University of Economics and Business Administration, Austria GEORGE IRVIN Fellow, CERF, Judge Institute, University of Cambridge, UK; Professorial Research Fellow, Development Studies Faculty, University of London, SOAS, UK; Visiting Research Fellow, ICER, Turin, Italy ALEX IZURIETA Senior Economic Affairs Officer, UN/Department of Economic and Social Affairs (DESA) SERGIO ROSSI Associate Professor of Economics, University of Fribourg, Switzerland CLAUDIO SARDONI Professor of Economics, University of Rome 'La Sapienza', Italy MALCOLM SAWYER Professor of Economics, University of Leeds, UK; Pro-Dean, Learning and Teaching, Faculty of Business, University of Leeds, UK ACHIM TRUGER Senior Researcher, Public Finance and Tax Policy, Macroeconomic Policy Institute (IMK), Hans Boeckler Foundation, Duesseldorf, Germany RICHARD A. WERNER Chair, International Banking, School of Management, University of Southampton, UK; Chief Investment Advisor, ProfitFundCom's Global Macro Fund; Chief Economist, Profit Research Center Ltd, UK

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