Intro -- Preface -- Introduction -- 1 Europe and the United States: Two Different Social Models -- 2 Handling a Multiethnic Society -- 3 Americans at Work, Europeans on Holiday -- 4 Job Security, Job Regulations, and 14 Million Unemployed -- 5 Technology, Research, and Universities -- 6...

This paper proposes the establishment of a European Debt Agency (EDA) as a tool for the efficient management of Eurozone public debt, to address two primary risks: roll-over and sustainability risk. The proposed EDA would price its loans using a transparent formula that would anchor the price to...

This paper reviews the arguments for and against monetary unification in Europe, taking into account the recent shift in emphasis in discussions of exchange rate regimes. It discusses the merits of irrevocably fixed versus flexible exchange rates in the light of the literature on international...