* Preface * 1. The Political Economy of European Monetary Unification: An Analytical Introduction * Barry Eichengreen and Jeffry Frieden * 2. Making Commitments: France and Italy in the European Monetary System, 1979-1985 * Jeffry Frieden * 3. Divided Opinion, Common Currency: The Political Economy of Public Support for EMU * Matthew Gabel * 4. A Retrial in the Case Against the EMU: Local-Currency Pricing and the Choice of Exchange-Rate Regime * Charles Engel * 5. The Politics of Maastricht * Geoffrey Garrett * 6. International and Domestic Institutions in the EMU Process and Beyond * Lisa L. Martin * 7. From EMS to EMU: Are We Better off? * Paul De Grauwe, Hans Dewachter, and Yunus Aksoy * 8. Beyond EMU: The Problem Of Sustainability * Benjamin J. Cohen * Contributors * Index

The first edition of this book was published in 1994, as the future of monetary unification in Europe was very much in doubt. With Economic and Monetary Union now in place, it is appropriate to bring the scholarship on the topic up to date for the students of international political economics. To this effect, essayists Jeffry Frieden, Geoffrey Garrett, Lisa L. Martin, Benjamin J. Cohen revised four of the original chapters to reflect new conditions. Editors, Barry Eichengreen and Frieden completely rewrote the introductory essay. Three new chapters by Matthew Gabel, Charles Engel, and Paul De Grauwe et al cover public support for EMU, local currency pricing, and whether Europe is now better off? The updated volume's purpose remains that of bringing the latest in scholarship in Economics and Political Science to bear on the European monetary integration