Cambridge University Press The New Transatlantic Economy

Transatlantic economic relations are dominated by three factors which are of major historical significance. The first and most important is the multilateral process for trade liberalisation, deregulation of financial markets, and macroeconomic policy co-ordination. The second factor is a transatlantic environment of national and regional idiosyncrasies exemplified by protectionist initiatives, a significant weakening of the EMS, and changes in central bank statutes. The second factor is in part a political backlash against the first. The third factor affecting transatlantic economic relations is of course the emergence of regional economic relationships within the transatlantic economy, and a treaty calling for a common currency in Europe. In this 1996 volume, specialists in international trade, international finance, and political economy analyse the causes of these three factors, and their implications. Review "All the papers presented in this volume are of a high standard, and are of relevance to policy makers and scholars." Ian Barnes, European Integration Book Description An economic analysis of the causes and effects of the breaking up of the transatlantic economy, first published in 1996. From the Back Cover Transatlantic economic relations are dominated by three factors which are of major historical significance. The first and most important is the multilateral process for trade liberalization, deregulation of financial markets, and macro-economic policy coordination. The second factor is a transatlantic environment of national and regional idiosyncracies exemplified by protectionist initiatives, a significant weakening of the EMS, and changes in central bank statutes. The second factor is in part a political backlash against the first. The third factor affecting transatlantic economic relations is of course the emergence of regional economic relationships within the transatlantic economy, and a treaty calling for a common currency in Europe. In this volume, specialists in international trade, international finance, and political economy analyse the cause of these three factors, and their implications.