The New Transatlantic Economy [Hardcover]

An economic analysis of the causes and effects of the breaking up of the transatlantic economy, first published in 1996.The transatlantic economy is breaking into two different blocs: on the European side, we have the common market and a treaty calling for a common currency; on the US side, we have NAFTA and calls for its extension to countries in Latin America. To date, there has been surprisingly little economic analysis of the causes or effects of this development, which is of major historical significance. This volume brings together specialists in trade theory, international finance, and political economy in an attempt to do just that.The transatlantic economy is breaking into two different blocs: on the European side, we have the common market and a treaty calling for a common currency; on the US side, we have NAFTA and calls for its extension to countries in Latin America. To date, there has been surprisingly little economic analysis of the causes or effects of this development, which is of major historical significance. This volume brings together specialists in trade theory, international finance, and political economy in an attempt to do just that.The transatlantic economy is breaking into two different blocs: on the European side, there is the common market and a treaty calling for a common currency; on the United States side, we have NAFTA and calls for its extension to countries in Latin America. To date, there has been surprisingly little economic analysis of the causes or effects of this development, which is of major historical significance. This volume brings together specialists in trade theory, international finance, and political economy in an attempt to do just that.List of figures; List of tables; Preface; List of conference participants; 1. Introduction Matthew B. Canzoneri, Wilfred J. Ethier, and Vittorio Grilli; 2. Transatlantic policy coordination with sticky labour markets: the reality of the real side Andrew Hughes Hallett and Yue Ma; Disl³3