List of figures
List of tables
Preface
List of conference participants
1. Does Europe need its own central bank? Marcello de Cecco and Alberto Giovannini
2. Monetary policy, capital controls and seigniorage in an open economy Allan Drazen
Discussion Guillermo A. Calvo and Marco Pagano
3. Seigniorage in Europe Vittorio Grilli
Discussion Rudiger Dornbusch and Luigi Spaventa
Overview of chapters 2 and 3 Michael Bruno and Edmund S. Phelps
4. Factor mobility, uncertainty and exchange rate regimes Giuseppe Bertola
Discussion William H. Branson, Fiorella Padoa Schioppa and Alan C. Stockman
5. Management of a common currency Alessandra Casella and Jonathan Feinstein
Discussion Torsten Persson and Guido Tabellini
6. The tastes of European central bankers Carlo Carraro
Discussion John Flemming and Alberto Giovannini
7. The costs and benefits of a European currency Daniel Cohen
Discussion Alberto Alesina and Charles Wyplosz
8. The monetary unification process in nineteenth-century Germany: relevance and lessons for Europe today Carl-Ludwig Holtrerich
Discussion Richard Portes
9. The establishment of a central bank: Italy in the nineteenth century Valeria Sannucci
Discussion Charles Goodhart and Gianni Toniolo
10. The founding of the Fed and the destabilization of the post-1914 US economy Jeffrey A. Miron
Discussion Marcello de Cecco and Barry Eichengreen
11. Panel discussion on the prospects for a European Central Bank Rainer S. Masera, Wolfgang Rieke, Massimo Russo and Niels Thygesen
Index.
