€uro and the Dollar in a Globalized Economy

Professor Joaquín Roy is Director of the European Union Center, University of Miami, USA. Pedro Gomis-Porqueras is Professor of Economics at the University of Miami, USA.

'In this very nice volume reputed academics, senior central bankers and other policymakers discuss the euro-dollar exchange rate, the international role of the euro, the implications of eurozone enlargement, and the relevance of the euro for the global economy. Therefore, it will be obligatory reading for policymakers and scholars interested in the eurozone and the world economy.' Sylvester C.W. Eijffinger, Tilburg University and RSM Erasmus University, The Netherlands, Centre for Economic Policy Research, London, UK and CESifo Research Network, Munich, Germany 'A very useful book that contemplates the most important dimensions of the monetary unification of Europe, itself one of the most complex operations of political and economic engineering of the history. The current role of the euro and its relationship with the dollar is very well treated and documented.' Emilio Ontiveros, Universidad Autónoma de Madrid, Spain 'This work is timely...Readers will appreciate the varied approaches taken by the contributors, who hail from fields including economics, business, international relations, and political science. Highly recommended.' Choice '...this volume, which brings together specialists from different backgrounds, tackles an extremely interesting topic and invites us to reflect on problems which will have consequences not just on countries in the Euro zone and their neighbours, but also on developing countries, transition countries and all the others, with the United States and Canada at the head of them all.' Etudes internationales

• Contents: Preface; Part I The Euro, This Unknown!: Introduction to the dollar and the euro, Pedro Gomis-Porqueras; 7 years with the euro, Joaquín Almunia; A financial and politically symbolic tool, Joaquín Roy. Part II The Euro-Dollar Exchange Rate: A Puzzling Relationship: Euro-dollar puzzles, Kurt Hübner; Euro-dollar: an holistic view of the economy, Hans Martens. Part III The International Role of the Euro: Living up to expectations? Taking stock in the international role of the euro, J. Onno de Beaufort Wijnholds and Julie McKay; Is the euro ready to play the global currency role?, Miriam L. Campanella; Enlargement and the international role of the euro, Benjamin J. Cohen. Part IV The Euro and the European Economic Governance: Running an enlarged eurozone. Reforming the ECB governing council: efficiency, representation and national economic interest, David Howarth; The political economy of eurozone enlargement: the motives, prospects and implications for the EU and its member states, Ramunas Vilpisauskas; The euro and economic reforms: the case of Spain, Sebastián Royo. Part V The Euro in the Global Economy:Global imbalances and the need for policy adjustment, José Manuel González-Páramo; The euro and developing countries, Francesc Granell; Currency crises and institutional changes in Latin America: lessons from Mexico, Angel Calderón-Madrid. Conclusions: Is there a future for the euro in the global economy?, Pedro Gomis-Porqueras and Joaquín Roy; Index.