In this captivating work, David McKay examines the policy dynamics of the European Union following the adoption of a single currency in 1999. It studies in detail the experience of existing federations, identifying specifically those arrangements that hold lessons for the emerging European policy. It will prove helpful for anyone curious about the economic future of Europe.
1. 'Stateness', Federalism, and Institutional Adaptation 2. The Federal Experience and the European Union 3. The United States: The Rise and Fall of Territorial Politics 4. Canada: The Unresolved Federal Bargain 5. Australia: Party Discipline and Fiscal Dependence 6. Germany: Adaptation and Change in a Centralized Federation 7. Switzerland: Dispersing Power for National Unity 8. The Federal Experience in Comparative Context 9. Designing Europe