This text is an accessible introduction to European monetary integration which provides a historical background to current debates in the late 1990s, as well as an analysis of future developments.

This volume provides a comprehensive guide to the process of European monetary and financial integration from 1958 to the present. The work includes a mixture of historical, theoretical and institutional material which provides a valuable synthesis for understanding this complex area. Throughout the book, theoretical aspects are explained in a non-mathematical fashion and special boxes and tables are used to clarify issues for students.