Describing and analyzing the links between monetary policy and
economic governance in small countries in both Western and Eastern
Europe, this interdisciplinary volume demonstrates how interest
groups shape monetary policy decisions in increasingly globalized
financial markets. The contributors' findings hold great relevance
even for large contries like the United States, which are now
struggling with the challenges of internationalization. A diverse
group of political scientists and economists, the contributors
contend that although the small states have limited options, they
are nonetheless able to make choices that enable their export
industries to flourish in an environment of increasing
internationalization. The authors conclude that lack of control
over the future shape of monetary union in Europe is not inimical
to future prosperity.
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