Contents
List of figures
List of tables
List of contributors
Acknowledgements
Introduction Guiseppe Eusepi and Friedrich Schneider

PART I THE UNDERSIDE OF EU FISCAL INSTITUTIONS: BUDGET, DEFICIT, DEBT AND REGULATION
1 EMU fiscal rules: new answers to old questions?
Fabrizio Balassone and Daniele Franco
Comment
Rolf Strauch

2 Indebtedness and deficits of the nations of the European Union
Peter Bernholz
Comment
Geoffrey Brennan

3 Tax harmonization—tax competition once again: who gives the EU orchestra the A?
Giuseppe Eusepi
Comment
Giuseppe Vitaleiti

4 The political economy of regulation: a prolegomenon
Geoffrey Brennan

PART II BECOMING EURO: INTERNAL STABILITY AND INTERNATIONAL CRISES
5 EMU as an evolutionary process
Pier Cano Padoan
Comment
Peter Bernholz

6 The role of international monetary institutions after the EMU and the Asian crises: some preliminary ideas using constitutional economics
Friedrich Schneider
Comment
Marceila Mulino
Comment
Luciano Marcelio Milone

7 A curmudgeon's view of EMU
Gordon Tuliock
Comment
Bernard Grofman

PART III TWO ISSUES AT WORK: VOTING AND CONTRACTING
8 Towards a more consistent design of parliamentary democracy and its consequences for the European Union
Charles B. Blankart and Dennis C. Mueiler
Comment
Barbara Krug
Comment
Christoph A. Schaltegger

9 A small country in Europe's integration - generalizing the political economy of the Danish case
Martin Paldam
Comment
Sergio Ginebri

Index