The enlargement that encompassed the accession of Greece in 1981 and of Spain and Portugal in 1986 significantly altered the balance of the European Community (EC), while the double shock of EC membership and 1992 could have driven the economies of the new members into depression or, equally, accelerate their modernisation. This important 1990 book from the Centre for Economic Policy Research examines theoretical issues in the integration of a diverse economic region and the combined impact of EC membership, financial integration and the single market programme on the joining countries. There is an introduction by the editors and a foreword by Michael Emerson and Richard Portes.

The enlargement that encompassed the accession of Greece in 1981 and of Spain and Portugal in 1986 significantly altered the balance of the European Community (EC), while the double shock of EC membership and 1992 could have driven the economies of the new members into depression or, equally, accelerate their modernisation. This important 1990 book from the Centre for Economic Policy Research examines theoretical issues in the integration of a diverse economic region and the combined impact of EC membership, financial integration and the single market programme on the joining countries. There is an introduction by the editors and a foreword by Michael Emerson and Richard Portes.

The spread of currency convertibility is one of the most dramatic trends of the late twentieth century. It reflects the desire of policymakers to integrate their economies into the global trading system and to attract financial capital and direct investment from abroad. In this book a team of leading international economists and economic historians look at parallel situations in the history of the international monetary system, focusing in particular on the gold standard. The concluding chapter uses a case study of modern Portugal to draw out implications for modern international monetary relations in Europe and for the rest of the world.