Preface - PART I BASIC ISSUES FOR BUILDING THE NEW EUROPE - The Building of the New Europe: National Diversity Versus Continental Uniformity; J.Meade - Monetary Policies for the New Europe; R.Mundell - PART II TOWARDS THE SINGLE MARKET: PROBLEMS AND PERSPECTIVES - Institutional and Constitutional Preconditions for Growth Effects Resulting from European Integration; S.Borner - Real Saving Growth in Western Europe: Exploring Future Patterns; M.Lo Cascio - Some Lessons from Development Economics for Southern and Eastern Europe; R.S.Eckaus - Perspectives for Employment in Europe after 1992; G.Caravale - Integration Problems of the East and West German Economy J.Kr ger - PART III EUROPEAN MONETARY UNION - IMS: the International Monetary System...or Scandal?; R.Triffin - On the Road to EMU; M.Fratianni and J.von Hagen - Adjustment Difficulties within a European Monetary Union: Can They Be Reduced?; A.J.Hughes Hallett and D.Vines - Currency Unification and Real Exchange Rates; W.Kohler - Towards a Common Monetary Policy in the Transition: the Role of the ECU and Required Reserves; D.Gros - Monetary Union and Its Implications for Fiscal Policy; D.Cohen - A Political Economy of Economic and Monetary Union; A.Tyrie - From the EMS to the EMU: The Role of Policy Coordination; F.Farina - The European System of Central Banks Role in the European Integration Process; L.V.Spagnolo - The Political Economy of the Hard-ECU Proposal; P.Bofinger - Aspects of the British Debate on EMU; J.Williamson - The Fluctuations of the Mark/Dollar Exchange Rate and Their Impact on European Rates: the Case of the Lira and the French Franc; M.Tivegna - Sequencing and Timing of Stabilization Policies: the Case of German Monetary Union; E-M.Claassen - German Monetary Union: Experiences and Problems; N.Walter - EMU and Greece: Issues and Prospects for Membership; M.Xafa - PART IV NEW EUROPE AND WORLD ECONOMY - Europe in the World Economy; C.P.Kindleberger - The New Europe and the Japanese Strategy; I.Yamazawa - Can Europe Compete with Japan and the United States?; G.Fodella - Index