List of figures

List of tables

List of contributors

Preface

1 Keynes's `New Order': the genesis of the Clearing Union

Robert Skidelsky

2 Economic integration, the EMU and European regional growth

John S.L. McCombie

3 Prospects for the single European currency and some proposals for a new Maastricht

Philip Arestis

Malcolm Sawyer

4 External balances, internal growth and employment

Hubert Hieke

5 Thoughts on speculation and open markets

Paul Davidson

6 Financial market behavior: rational, irrational, or conventionally consistent?

Andrea Terzi

7 On banks' liquidity preference

Fernando Carvalho

8 Financial globalization and housing policy: from `Golden Age' housing to `Global Age' insecurity

Gary Dymski

Dorene Isenberg

9 A general framework for the analysis of currencies and commodities

Warren Mosler

Mathew Forstater

10 Price stability and full employment as complements in a new Europe: a market-based price stabilization policy for the new ECB

Jan Kregel

11 Competition and employment

Nina Shapiro

12 Another look at wage and price flexibility as the solution to unemployment

David Dequech

13 Employment policies in an open semi-industrialized economy: reflections on the Mexican economy

Julio Lopez

Guadalupe Mantey

14 Thwarting systems and institutional dynamics: or how to stabilize an unstable economy

Eric Nasica

Index