European Integration
Cover -- Half Title -- Title -- Copyright -- Contents -- Acknowledgements -- 1 The European Union: Evolution, Institutional and Legislative Structure and Enlargement -- Introduction -- Historical Background: A Path of Increasing Economic Links -- EU Institutions and Organizational Structure of theEuropean Union -- EU Legislation and Law-making Process -- The Challenge of the Enlargement -- 2 Trade Flows and Economic Integration -- Introduction -- Equilibrium Under Free Trade and the Effects of Tariffs -- Customs Unions or Universally Free Trade? -- Static Reallocative Effects of Customs Unions -- Terms-of-Trade Effects of Customs Unions -- Dynamic Effects of Customs Unions -- Summary and Conclusions -- 3 Factor- and Product-Market Integration and Europe's Single Market -- Introduction -- Effects of Factor-Market Integration -- Non-Tariff Barriers to Trade -- Europe's Single Market and the 1992 Internal Market Programme -- Strengthening the European Internal Market: Recent Developments and Performance -- Summary and Conclusions -- 4 Macroeconomic Interdependence, Cooperation and Currency Unions -- Introduction -- Optimum Currency Areas and Similarity of Structures and Shocks -- Phillips-Curve Theory and the Effects of Monetary Integration -- The Game-Theoretic Approach to Monetary Integration: Macroeconomic and Strategic Interdependence, Nashand Cooperative Outcomes -- Seigniorage -- Summary and Conclusions -- 5 Performance of the EMS, the ERM-II and the New EU Member States -- Introduction -- Early Attempts at Monetary-Policy Cooperation in Europeand the EMS -- Growth, Employment and Inflation in the EMS Years -- The Game-Theoretic Approach to the EMS: Impact on Inflation Outcomes -- The Crisis in the Currency Markets of 1990-92 -- ERM-II and the New EU Member States -- Summary and Conclusions -- 6 EMU: Benefits, Costs and Real Convergence.