Introduction: Euroland and the World Economy - Global Player or Global Drag? / Jorg Bibow and Andrea Terzi
Pt. I. Euroland on a Collision Course
1. Global Imbalances, Bretton Woods II, and Euroland's Role in All This / Jorg Bibow
2. Wage Divergences in Euroland: Explosive in the Making / Heiner Flassbeck
3. Can the Euro Area Play a Stabilizing Role in Balancing Global Imbalances? / Philip Arestis and Malcolm Sawyer
Pt. II. Policy Coordination and Increased Integration as Means to Properly Steer Euroland
4. Whatever Happened to 'Policy Coordination'? / James Forder
5. Economic Rationale of the EMU and the Euro / C. Sardoni
6. Righting Global Imbalances: Recession, Protection or Reflation? / Alex Izurieta and George Irvin
Pt. III. Reforming Euroland's Institutional Framework and Macroeconomic Policy Governance
7. Replacing the Stability and Growth Pact? / C. A. E. Goodhart
8. Fiscal Policy and Macroeconomic Performance in the Euro Area: Lessons for the Future / Eckhard Hein and Achim Truger
9. Germany's Choice and Lessons from Japan: Supply vs. Demand Policy, Fiscal vs. Monetary Policy / Richard Werner
10. You Can't Always Get What You Want: Why Europe is Not Keynesian-able While the US New Economy is Driven by Financial Keynesianism / Riccardo Bellofiore and Joseph Halevi
Pt. IV. Prospects and Limits of the Euro as a Global Currency
11. 'Not my fault' or Would Spreading the Maastricht Wisdom beyond Europe Really Do Much Good at All? / Fabrice Capoen and Jerome Creel
12. Role of the Euro in the International Monetary Arena: Present and Prospects / Sergio Rossi
13. International Payments Imbalances and the Prospective Role of the Euro / Andrea Terzi.
