Includes bibliographical references and index.

pt. 1. Reconciling policies for Europe -- pt. 2. Key issues for capacity building -- pt. 3. Human capital and capacity building-- experiences and lessons for the future -- pt. 4. The role of FDI and trade integration in the catching-up process -- pt. 5. The road to monetary union -- pt. 6. Corporate governance, financial markets and the optimal role of the state -- pt. 7. Stabilization of expectations-- macroeconomic and structural policies in an enlarged euro area -- pt. 8. Economic and monetary union-- a leading indicator for political union?.

The Economic Potential of a Larger Europe gives insights into past, present and future issues related to the ongoing EU enlargement process. Providing a unique forum for debate and a multiplicity of views and experiences from both high-profile academics and those who engage with enlargement on an implementation level, this book covers a wide range of topics that are key to a successful transition and integration process and thus to the provision of a prosperous growth environment within a larger Europe. Special attention is paid to monetary integration, notably entry into ERM II, on which representatives of the national central banks involved present their views.