Earlier Research

Published Articles

Price dynamics under stochastic process switching: some extensions and an application to EMU (with H. Dewachter, D. Veestraeten), Journal of International Money and Finance, 18 (1999), pp. 195-224.

Explaining Recent European Exchange-Rate Stability (with H. Dewachter, D. Veestraeten), International Finance, Volume 2, Issue 1, 1999, pp. 1-32.

The Design of the European Central Bank, Kredit und Kapital, Heft 14, 1998.

Setting Conversion Rates for the Third Stage of EMU (with J. Spaventa), Banca Nazionale del Lavoro Quarterly Review, June, 1997, pp. 131-146.

Problems of Transition and Initialisation of EMU, Swedish Economic Policy Review, Spring, 1997, pp. 117-154.

How to fix conversion rates for the euro, Euromoney, August, 1997, pp. 54.

Monetary union and convergence economics, European Economic Review, Vol. 40, Nos 3-5, April 1996, pp. 1091-1101

The Economics of Convergence: Towards Monetary Union in Europe, Weltwirtschaftliches Archiv, Band 132, Heft 1, 1996.

The Political Economy of Monetary Union in Europe, European Journal of Political Economy, vol. 11, 1995.

Alternative Strategies Towards Monetary Union, European Economic Review 39, 483-491, 1995.

The Political Economy of Monetary Union in Europe, The World Economy, vol. 16, no. 6, november 1993

A Chaotic Model of the Exchange Rate: The Role of Fundamentalists and Chartists, Open Economies Review 4, p. 351-379, 1993 (co-author with Hans Dewachter).

Psychological Barriers in the Foreign Exchange Markets, Journal of international and comparative economics, 1, 1992, pp. 87-101 (co-author with D. Decupere).

Fiscal Discipline in Monetary Unions, Economia, Vol. 2, Part 1, nr. 3, 1992, pp. 2-10.

Fiscal Discipline in Monetary Unions, International Economic Journal, Vol. 6, nr. 1, 1992.

Chaos in the Dornbusch Model of the Exchange Rate, Kredit und Kapital, 25, 1992, (co-author with H. Dewachter).

German monetary unification, European Economic Review 36, pp. 445-453, North-Holland, 1992.

The cost of Disinflation and the European Monetary System, Open Economies Review, 1, p. 147-173, 1990.

Disinflation in the EMS and in the Non-EMS Countries. What Have We Learned ? Empirica - Austrian Economic Papers, Vol. 16, No. 2, p. 161-176, 1989.

Economic Policy and Political Democracy, European Affairs, 1, p. 66-72, 1989.

Real Exchange Rate Variability and Monetary Disturbances, Weltwirtschaftliches Archiv, B. 123 H. 3, 1987 (co-author with M. Rosiers).

International Trade and Economic Growth in the European Monetary System, European Economic Review, 31, 1987.

The Political Economy of International Lending, The Cato Journal, 1984 (co-author with M. Fratianni).

The Exchange Rate in a Portfolio Balance Model with a Banking Sector, Journal of International Money and Finance, 1, p. 225-239, 1982.

Monetary Policies and the Exchange Rates in the E.C.-Countries, European Economic Review, 13, 1980.

Financial Policies in the Industrialized Countries and the Volatility of Exchange Rates, Kredit und Kapital, 6, 1980.

The Dynamics of Intervention in Foreign Exchange Markets, Kredit und Kapital, 6, 1980 (co-author with G. Basevi, A. Steinherr).

The 1978 Annual Report of the B.I.S. or the Economics of International Fine Tuning, Journal of Monetary Economics, 1979.

Trade Expansion with the Less Developed Countries and Employment. A Case Study of Belgium, Weltwirtschaftliches Archiv, Band 115, 1, 1979 (co-author with W. Kennis, T. Peeters and R. Van Straelen).

Vicious and Virtuous Circles. A Theoretical Analysis and a Policy Proposal for Managing Exchange Rates, European Economic Review, V.X, 3, 1977 (co-author with G. Basevi).

The Belgian Dual Exchange Market System : An Inequitable and Ineffective System, Kredit und Kapital, Heft 3, p. 389-402, 1976.

Conditions for Monetary Integration. A Geometric Interpretation, Weltwirtschaftliches Archiv, 111, p. 634-646, 1975.

The Development of the Euro-Currency Market, Finance and Development, 3, 1975.

International Capital Flows and Portfolio Equilibrium : Comment, Journal of Political Economy, 83, p. 1077-1080, 1975.

Interaction of Monetary Policies in a Group of European Countries, Journal of International Economics, 5, p. 207-228, 1975.

Articles in Dutch

De EMU en de kost van desinflatie, in: De Euro en de toekomst van het Europese maatshcappijmodel, Intersentia, 1999, pp. 27-50.

Alternatieve financiering van de sociale zekerheid als instrument van het tewerkstellingsbeleid, in: J. Van Langendonck (ed.), Liber Amicorum Roger Dillemans, Story-Scientia, 1997.

Winstdeling als middel om de werkloosheid te bestrijden, Revue de la Banque, pp. 203-209, 1997

Het tewerkstellingsbeleid: selectiviteit of universaliteit? Leuvense Economische Standpunten, 84, 1996.

De Nederlandsche Bank, de EMU en het tekort van de overheid, ESB, nr. 4056, 81e jaargang, 1996.

Onze sociale zekerheid enerzijds, Kultuurleven, 62e jaargang, nr. 6, 1995.

De EMU zonder België, Leuvense Economische Standpunten, 78, p. 1-15, januari 1995

Komt er een nieuw Bretton Woods?, Economische Statistische Berichten nr. 3988, p. 1116-1117, 1994.

Werktijdverkorting en tewerkstelling, Leuvense Economische Standpunten 75, p. 1-13, 1994.

De sterke frank en de staatsschuld, Leuvense Economische Standpunten 73, p. 1-17, 1993.

Einde EMS, leve de EMU !, Economische Statistische Berichten nr. 3924, p. 758-759, augustus 1993.

De prijs van het boek en de leescultuur, CES Working Paper no 12 (Algemene Reeks), 1993 (co-author with G. Gielens).

De legitimering van overheidsmonopolies in het spoorwegvervoer en in de telecommunicatie. Een historische analyse, Leuvense Economische Standpunten 67, p. 1-26, 1993 (co-author with B. Van der Herten).

Enkele beschouwingen over ethiek en politiek, Ethische perspectieven 2, 1992, nr. 4, p. 3-6.

De desindexering van de belastingschalen : Kritiek en een alternatief voorstel, Tijdschrift voor Economie en Management, Vol. XXXVII, 4, 1992.

Wat doet de Nationale Bank met ons geld ?, Leuvense Economische Standpunten, 65, 1992, p. 1-19.

Over Franse kolonisatie en Belgische verankering, Leuvense Economische Standpunten, 61, 1992, p. 1-16.

Is de EG klaar voor één munt ?, ESB, nr. 3837, 1991

Denkoefeningen over de regionalisering van de Belgische overheidsschuld, Leuvense Economische Standpunten, 60, p. 1-24, 1991.

Toneel in Nederland, Economisch Statistische Berichten, 3817, p. 716-719, 1991.

Het programma-akkoord in de petroleumsector. Een ondoelmatig systeem van prijzen controle, Leuvense Economische Standpunten, 59, p. 1-50, 1991 (co-author with K. Straetmans).

Het milieubeleid in Vlaanderen een Economische Visie, Energie & Milieu, 1, p. 3-7, 1991.

Competitiviteit. Oliecrisis en loonindexering, Leuvense Economische Standpunten, 55, 1990 (co-author with W. Vanhaverbeke).

Het milieubeleid in Vlaanderen. Een economische visie, Leuvense Economische Standpunten, 54, 1990 (co-author with S. Proost, E. Schokkaert, D. Van Regemoorter).

De groei van de publieke sector in België onder centrum-rechts en centrum-linkse regeringen, 1960-1983, Tijdschrift voor Sociologie, 9, 1-2, 1988.

Kunst en High-Tech, Tijdschrift voor Economie en Management, XXXIII, 2, p. 143-151, 1988.

Financial Deregulation in Developing Countries, Tijdschrift voor Economie en Management, 4, 1987.

Micro- en macro-economische effectiviteit van de Belgische prijsreglementering, Leuvense Economische Standpunten, nr. 38, 1987 (co-author with A. Fremault).

Het Europees Monetair Systeem : Een Evaluatie, Rotterdamse Monetaire Studies, 16, 1986.

Internationale monetaire verhoudingen, concurrentie of coördinatie, De Roos Lezing 1984, Nederlands Instituut voor het Bank- en Financiewezen, 1985.

De politieke economie van de overheidsuitgaven, 1960-1983, Res Publica, 1985.

De devaluatie van 1982 en de Belgische export en import, Tijdschrift voor Economie en Management, 2, 1985 (co-author with M. Rosiers).

Zijn de rentelasten van de overheidsschuld ondraaglijk geworden ?, Leuvense Economische Standpunten, nr. 31, 1984.

Linkse en Rechtse Gezondheidsindicatoren van de Belgische Economie, Leuvense Economische Standpunten, nr. 26, 1983.

Tarifering en rendabiliteit van de zichtrekeningen in de Belgische financiële sector, Bank- en Financiewezen, 1, 1983.

De Belgische prijzenreglementering en de inflatie (1950-1981), Maandschrift Economie, 47, p. 292-298, 1983.

Exporterende Belgische en Nederlandse ondernemingen te weinig naar verre landen, Economische Statistische Berichten, 1982.

Monetair Beleid : Kwalitatief en Kwantitatief, Bank- en Financiewezen, 5, 1982.

Loonkosten, energiekosten en kaptiaalkosten. België gedurende 1970-1980, Leuvense Economische Standpunten, nr. 22, 1981.

Economie en Politiek, Tijdschrift voor Economie en Management, 4, 1981.

Overheidsparticipaties, Economisch Statistische Berichten, 1981.

De wisselkoers, het budget en de lopende rekening, Tijdschrift voor Economie en Management, 3, 1980 (co-author with M. De Wachter).

Symptomen van een overgewaardeerde munt. De Belgische frank gedurende de tweede helft der zeventiger jaren, Tijdschrift voor Economie en Management, 3, 1980.

Aspecten van de economische achteruitgang van Wallonië, Tijdschrift voor Economie en Management, 2, 1980.

Arbeidsduurvermindering en Tewerkstelling, Leuvense Economische Standpunten, 13, 1979.

Het Europees Muntstelsel. Een stap naar monetaire stabiliteit ?, Bank- en Financiewezen, 1, 1979 (co-author with T. Peeters).

Bedenkingen over Industrieel Beleid, Tijdschrift voor Economie en Management, 4, 1977.

Korporatisme en werkloosheid, Leuvense Economische Standpunten, 4, 1977.

De wisselkoers en structuurproblemen in België gedurende 1970-1976, Tijdschrift voor Economie en Management, 1, p. 107-120, 1977.

De recente inflatie : Een structureel of monetair fenomeen, Leuvense Economische Standpunten, 2, 1976 (co-author with T. Peeters).

De olieëxporterende landen en ontwikkelingshulp, Intermediair, 18, 1975.

Regionale inkomens- en prijselasticiteiten van de Belgische buitenlandse handel - Naschrift, Economisch Statistische Berichten, 2863, 1972.

Regionale inkomens- en prijselasticiteiten van de Belgische buitenlandse handel, Economisch Statistische Berichten, 2829, 1971.

Determinanten van de exportprestatie van België en Nederland, Tijdschrift voor Economie, 1971.

Speciale trekkingsrechten : arme landen te weinig, De Financiële Economische Tijd, 1970.

Articles in French

Prépensions et chômage, Reflets & Perspectives, De Boeck Université, Tome XXXVIII, no. 1, 1999.

La monnaie internationale. Théories et Perspectives, De Boeck Université, 1999.

De bonnes raisons pour proclamer la victoire de la convergence, Politique Etrangère, 2: Paris, 1997, pp. 359-365.

Les perspectives d’une mini-union monétaire en 1999, Centre interuniveristaire de formation permanente, 12ème Congrès des economistes belges de langue française, pp. 61-86, 1996 Inflation Convergence during the Transition to EMU, in Inflation and Wage Beha

Croissance et emploi : l'ambition d'une initiative européenne, Jacques H. Drèze, Edmond Malinvaud et alii, Revue de l'OFCE n° 49, France, avril 1994.

Real Exchange Rate Variability in Monetary Unions, Recherches Economiques de Louvain, volume 59, nr. 1-2, 1993 (co-author with H. Heens).

La discipline budgétaire dans les unions monétaires, Min. de l'Econ. des Fin. et du Budget, Paris, 1990.

Le système Monétaire International. Problèmes et Perspectives, Cahiers Economiques de Bruxelles, 119, 1988.

L'art et l'économie, La Revue Générale, 5, p. 45-60, 1988.

Le Taux de Change, l'Emploi et la Banque Nationale, La Revue Nouvelle, 2, 1980.

Salaires, Emploi et Durée de Travail, Récherches Economiques de Louvain, 1979.

Articles in other languages

Desempleo, Seguridad Social y gestión macroeconómica en Europa, Ekonomiaz, No. 42, III/1998, pp. 32-51.

Los pros y los contras de una Miniunion, Intermoney, XXIII Jornadas de Mercado Monetario,Granada, 1996, pp. 87-99.

Maquiavelo y el futuro de la Union Monetaria, Meridiano, CERI, nr. 7, 1996.

Teoria de la Integración Monetaria, Colegio de Economistas de Madrid, Ediciones Celeste, 1994.

Politica Fiscal Y Union Economica Y Monetaria Europea, Organo de Coordinacion Tributaria de Euskadi, 1991, p. 55-75.

Variabilidad de los tipos de cambio a largo plazo y comercio international, Informacion Comercial Espanola, 640, 1986 (co-author with B. de Bellefroid).

Economia Monetaria Internazionale. Teorie e tendenze, Il Mulino, 1991.

Discussion papers

De Grauwe, P., H. Dewachter and Y. Aksoy (1999), From EMS to EMU: Are We Better Off?, CES Discussion Paper Series, DPS 99.21

Social Conflict and Growth in Euroland, (with Frauke Skudelny), CEPR Discussion Paper, No. 2186, 1999.

The European Central Bank: Decision Rules and Macroeconomic Performance, CEPR Discussion Paper No. 2067, 1999.

Effectiveness of Monetary Policy in the European Central Bank and Voting Rules, with Hans Dewachter, Yunus Aksoy, Ludwig Boltzmann Institut, Forschungsbericht 9901, 1999.

Economic Policy in Europe, Austrian Federal Ministry of Economic Affairs, Economic Policy Section, Vienna, December 1998, pp. 40-46.

Stochastic Process Switching and Stage III of EMU, (with Hans Dewachter and Dirk Veestraeten), CEPR Discussion Paper, no. 1783, January 1998.

The Indeterminacy of the Euro Conversion Rates. Why it Matters and how it can be solved?, CEPR Discussion Paper, no. 1677, July 1997.

Exchange Rate Arrangements Between the ins and the outs, CEPR Discussion Paper no. 1640, May 1997.

Setting Conversion Rates for the Third Stage of EMU, CEPR Discussion Paper no. 1638, April 1997.

Forward Interest Rates as Predictors of EMU, CEPR Discussion Paper, no. 1395, 1996.

The Economics of Convergence: Towards Monetary Union in Europe, EUI Working Papers, no. 96/14, 1996.

How to fix conversion rates at the start of EMU, European Investment Bank, Volume 1, no. 1, 1996, pp. 97-118.

Exchange Rate Depreciations and Inflation: The Role of Inflation Equations for Seven Industrial Countries, 1966-1993, Osservatorio e centro di studi monetari, quaderni di ricerca n. 74, Università Luiss Guido Carli, Roma, 1996.

La dynamique de la convergence vers l’UME, Reflets perspectives de la vie économique, Tome XXXV, 3e trimestre 1996 - 3.Making EMU Happen Problems and Proposals: A Symposium, Essays in International Finance, Princeton University, No. 199, 1996.

The Economics of Convergence Towards Monetary Union in Europe, EUI Working Papers RSC, no. 14, 1996

How to Fix Conversion Rates at the Start of EMU, CEPR Discussion Paper no. 1530, November 1996.

The Prospects of A Mini Currency Union in 1999, CEPR Discussion Paper no 1458, September 1996.

Inflation Targeting to Achieve Inflation Convergence in the Transition Towards EMU, CEPR Discussion Paper no 1457, September 1996.

Comments on Barry Eichengreen and Jürgen von Hagen, "Fiscal Policy and Monetarey Union: Federalism, Fiscal Restriction, and the No-Bailout Rule", in H. Siebert (ed.), Monetary Policy in an Integrated World Economy, Symposium 1995, Institut für Weltwirtsch

The Dynamics of Convergence towards European Monetary Union, European Monetary Union: The Problems of the Transition to a Single Currency, Banca Nazionale del Lavoro Quarterly Review, March 1996, pp. 33-45.

The Road Leading To A Divided Europe, European Brief, pp. 24-25, 1996.

Paradigms of Macroeconomic Policy for the Open Economy, International Economics Research Paper, no. 112, C.E.S., 1995.

Why Has Inflation Remained so Low After the Large Exchange Rate Depreciations of 1992?, Discussion Paper No 9501, Universita Degli Studi di Brescia, 1995.

The Economics of Convergence Towards Monetary Union in Europe, CEPR Discussion Paper, No. 1213, London, July 1995.

The Black Hole in the Hard Core, European Brief, London, November 1994

Exchange rates in search of fundamental variables, International Economic Research Paper 106, pp. 1-22, october 1994.

Monetary Policies in the EMS. Lessons from the Great Recession of 1991-93, CEPR Discussion Paper, No. 1047, London, October 1994.

Fiscal Federalism and Debt Management. The Case of Belgium, International Economic Research Paper 98, pp. 1-16, maart 1994.

Comment on Otmar Issing: Monetary Policy Strategy in the EMU, J.A.H. de Beaufort Wijnholds, S.C.W. Eijffinger and L.H. Hoogduin (eds.), A Framework for Monetary Stability, pp. 153-156, Kluwer Academic Publishers, The Netherlands, 1994.

Monetary Policies in the EMS: Lessons from the Great Recession of 1991-3, CEPR Discussion Paper no. 1047, October 1994.

Discussion on P. Krugman: Lessons of Massachusetts for EMU, Francisco Torres and Francesco Giavazzi (eds.), Adjustment and Growth in the European Monetary Union, pp. 266-269, CEPR, Cambridge, 1993.

The Future of Monetary Union in Europe, ECU n° 22, pp. 20-21, 1993/I.

How much exchange-rate flexibility is needed for Poland ?, The Leuven Institute for Central and East European Studies, Leuven, p. 5-39, 1993 (co-author with A. Kondratowicz).

An Oligopoly Model of Free Banking : Theory and Tests, De Economist 141, nr. 4, 1993 (co-author with Michael R. Baye and Casper G. de Vries)

Economia dell'integrazione monetaria, Il Mulino, Bologna, 1993.

The Political Economy of Monetary Union in Europe, CEPR Discussion Paper no. 842, September 1993.

EMU Or Just A Club for Germans, European Brief, vol. 1, no. 2, p. 10-11, 1993.

The Maastricht Treaty as an Obstacle to Monetary Union, CES Working Paper no. 94 (International Economics Research Papers), 1993.

Economic Instruments in EC Environment Policy, CEPS, Working Party Report n° 8, February 1993.

Inflation Convergence During the Transition to EMU, Economies et Sociétés, Série Economie monétaire, M.O., n° 9, septembre-octobre 1992, p. 13-32.

Choosing an Exchange Rate Regime. The Chanllenge for Smaller Industrial Countries, I.M.F., Washington D.C., 1990 (co-editor with V. Argy).

Black Monday and the Crach of Voodoo Economics, Quarterly Economic Bulletin, 1988.

The Long Swings in Real Exchange Rates. Do they Fit into Our Theories ?, Monetary and Economic Studies, Bank of Japan, 1988.

Exchange Rate Variability and the Slowdown in Growth of International Trade, IMF Staff Papers, 1988.

Het Europees Monetair Systeem : Een Evaluatie, Sanwa Research Institute Corp. Tokyo, 1986.

Real Exchange Rate Variability from 1920 to 1926 and 1973 to 1982, Princeton Studies in International Finance, 56, 1985 (co-author with M. Janssens, H. Leliaert).

US Economic Policies : Are they a Burden to the Rest of US ?, The Banker, London, V12, 3, 1983.

Capital Movements, Financial Integration and the EMS, Giornale degli Economisti e Annali di Economia, 9-12, 1981.

Versus the G.A.T.T. on the Source of Inflation, The World Economy, 2, 1981.

Integrating Capital Markets in the E.C.-Countries, Problems and Prospects, Thema, Inst. Bancario San Paolo di Torino, 1980.

Policy-Induced Rigidities in the Market Economies, International Chamber of Commerce, Paris, 1980.

The EMS, Europe and the Dollar, The Banker, 1979 (co-author with T. Peeters).

On the Effectiveness of a devaluation in the E.C.-Countries, Tijdschrif voor Economie en Management, 1, 1978 (co-author with C. Holvoet).

Monetary Policy and the Exchange Rate, Monetary Policies in Open Economies, SUERF Series, 19A, 1978.

State Interventions and the Economic Crisis in Europe, Toyo Keizai Shinposha (The Oriental Economist), 1978.

Monetary Interdependence and International Monetary Reform. A European Case Study, Saxon House, D.C. Heath Ltd., London, 1976.

Monetary Interdependence in Europe under Fixed and Flexible Exchange Rates, Tijdschrift voor Economie, 4, 1974.

A Cross-Section Model of Economic Growth : Comment, The Review of Economics and Statistics, 1972.

Contributions to books

Increased Capital Mobility: A Challenge for National Macroeconomic Policies (with M. Polan), in Horst Siebert (ed.). The Wolrd's New Financial Landscape: Challenges for Economic Policy, Springer Verlag, 2001. 

From EMS to EMU: Are We Better Off? Chapter 7, (with Y. Aksoy and H. Dewachter), in Barry Eichengreen (ed.). The Political Economy of European Monetary Union, Westview Press, 2001.

Fiscal Consolidation in the Central European Countries and European Monetary Union, Chapter 4, (with Vladimir Lavrac), in: P. De Grauwe, Vladimir Lavrac (ed.), Inclusion of Central European Countries in the European Monetary Union, Kluwer Academic Publish

Are Central European Countries Part of the European Optimum Currency Area?, Chapter 2, (with Yunus Aksoy), in: P. De Grauwe, Vladimir Lavrac (ed.), Inclusion of Central European Countries in the European Monetary Union, Kluwer Academic Publishers, 1999.

Challenges of European Monetary Union for Central European Countries, Chapter 1, (with Vladimir Lavrac), in: P. De Grauwe, Vladimir Lavrac (ed.), Inclusion of Central European Countries in the European Monetary Union, Kluwer Academic Publishers, 1999, pp.

Die Wirksamkeit der Geldpolitik der Europäischen Zentralbank und ihre Abstimmungsregeln (with H. Dewachter, Y. Aksoy), in: Neck/Holzmann (ed.), Schriftenreihe Des Ludwig Boltzmann-Instituts zur Analyse Wirtschaftspolitischer Aktivitäten, Band 16, Wien, 19

EMU and the Need for Further Economic Integration (with Claudia Costa), in: W. MEEUSEN (ed.), Economic Policy in the European Union, Edward Elgar, 1999, pp. 27-48.

The Indeterminacy of the Euro Conversion Rates. Why It Matters and How It Can Be Solved, in: Helmut Wagner (ed.), Current Issues in Monetary Economics, 1998, pp. 251-272.

The risk of deflation in the future EMU: Lessons of the 1990s, in J. Arrowsmith, (ed.), Thinking the unthinkable about EMU, National Institute of Economic and Social Research, London, 1998.

The Prospects of a Mini Currency Union in 1999, in H. Siebert (ed.), Quo Vadis Europe?, Institut für Weltwirtschaft an der Universität Kiel, Tübingen: Mohr, 1997, pp. 275-297.

Paradigms of Macroeconomics Policy for the Open Economy, in: M. Fratianni et al., (eds.), Macroeconomic Policy in Open Economies, Handbook of Comparative Economic Policies, vol. 5, Greenwood Press, 1997.

Exchange Rate Arrangements Between the Ins and the Outs, in: P. Masson et al. (eds.), EMU and the International Monetary System, International Monetary Fund, Washington, D.C., 1997, pp. 97-118.

Prospettive europee per il commercia e la moneta, in: P. Onofri (ed.), Lo Scenario Mondiale e Il Futuro dell’Economia Italiana, Il Mulino, Bologna, 1997, pp. 107-126.Why has inflation remained so low after the large exchange rate depreciations of 1992, Jo

La economia de la convergencia hacio la unión monetaria en Europa, in Espana Frente a la Union Economica y Monetaria (J.R. Cuadrado Roura & T.M. Navarro (ed.), Biblioteca Civitas Economia y Empresa, Universidad de Alcala, pp. 83-115, 1996.

La dynamique de la convergence vers l’UME, Reflects perspectives de la vie économique, Tome XXXV, 1996-3, pp. 323-334.Perspectivas de una unión monetaria reducida en 1999, Information comercial Española. Revista de Economia, no 756, 1996, pp. 9-24.

Reforming the Transition to EMU, in: P.B. Kenen (ed.), Making EMU Happen Problems and Proposals: A Symposium, Essays in International Finance, Princeton, New Jersey, no. 199, 1996, pp. 16-29.

La economia de la convergencia hacia la union monetaria en Europa, in Juan R. Cuadrado Roura and Tomas Mancha Navarro (ed.) España Frente a la union economica y monetaria, Universidad de Alcala, Spain, 1996, pp. 83-115.

Exchange Rates in Search of Fundamental Variables, in: M. Uzan (ed.) The Financial System Under Stress. An architecture for the new world economy, Routledge, London, 1996, pp. 196-213.

Political Economy of the Choice of Environmental Policy Instruments in the E.C., in Recent Economic and Legal Developments in European Environmental Policy, Leuven Law Series 5, Leuven Universitaire Pers, pp. 111-168, 1995.

Monetary Policies in the EMS, in: Ch. Bordes, E. Girardin, J. Mélitz, European Currency Crisis and After, pp. 8-25, 1995.

The exchange rate changes of 1992 and inflation convergence in the EMS, Alfred Steinherr (ed.), 30 Years of European Montary Integration from the Werner Plan to EMU, pp. 192-200, Longman, 1994.

Towards EMU without the EMS, Economic Policy, Cambridge University Press, pp. 149-185, 1994

Is Europe an Optimum Currency Area ? : Evidence from Regional Data, in : P.E. Masson and M.P. Taylor, Policy Issues in the Operation of Currency Unions, Cambridge University Press, pp. 111-129, 1993 (co-author with W. Vanhaverbeke).

Industrial Policies and Political Democracy, in : G.A. Collenteur and C.J. Jepma, Economic Decision-Making in a Changing World, MacMillan Press, London, pp. 90-102, 1993.

A Chaotic Monetary Model of the Exchange Rate, in : H. Frisch and A. Wörgötter, Open-Economy Macroeconomics, MacMillan Press, London, pp. 353-376, 1993 (co-author with H. Dewachter).

Geldstromen en administratiekosten in de Belgische sociale Zekerheid, in : Bouwstenen voor een nieuwe sociale zekerheid (ed. R. Dillemans, Sociura-project), Universitaire Pers Leuven, Leuven, 1993, p. 315-349 (co-author with W. Boon).

Is the European Monetary System a DM-Zone ?, in : A. Steinherr and D. Weiserbs, Evolution of the International and Regional Monetary Systems, MacMillan Press, London, 1992, pp. 207-227.

Convergence and divergence in the Community's economy on the eve of Economic and Monetary Union, in : Peter Ludlow, Setting European Community Priorities, 1991-92, Brassey's, London, p. 9-37 (co-author with D. Gros).

Speculative Dynamics and Chaos in the Foreign Exchange Market, in : Richard O'Brien, Sarah Hewin, Finance and the International Economy : 4, Oxford University Press, p. 78-103, 1991 (co-author with K. Vansanten).

The Economic Integration of Germany : Two Tales based on Trade Theory, in : W. Heisenberg, German Unification in European Perspective, CEPS and Brassey's, London, p. 189-198, 1991.

The 1992 European Integration Program and Regional Development Policies, in : Jaime de Melo & Andre Sapir, Trade Theory and Economic Reform, Basil Blackwell, New York, p. 142-153, 1991.

Exchange Rate Experience of Small EMS Countries : Belgium, Denmark and the Netherlands, in : P. De Grauwe, V. Agry, Choosing an Exchange Rate Regime. The Challenge for Smaller Industrial Countries, p. 135-155, I.M.F., Washington D.C., 1990 (co-author with

Fiscal Policies in the EMS - A Strategic Analysis, in : E.-M. Claassens, International and European Monetary Systems, Praeger, New York, p. 121-144, 1990.

Exchange Rate Variability, Misalignment and the European Monetary System, in : Richard, C. Marston, Misalignment of Exchange Rates : Effects on Trade and Industry, p. 77-100, 1988 (co-author with G. Verfaille).

Long-Run Exchange Rate Variability and International Trade, in: S.W. Arndt, J.D. Richardson, Real-Financial Linkages among Open Economies, p. 193-212, 1987 (co-author with B. de Bellefroid).

International Monetary Policy, in : The New Palgrave, A Dictionary of Economics, 1986.

Did the Exchange Rate Stability within the EMS Contribute to More Trade ?, in : H. Visser, E. Schoorl, Trade in Transit, 1986.

Long-Run Exchange Rate Variability and International Trade, in : V. Van Rompuy, Actuele Economische Problemen. Theorie en Politiek, 1986 (co-author with B. de Bellefroid).

Het Europees Monetair Stelsel, in : W. Haack, Europese Economische Integratie, 1986.

Should the UK join the European Monetary System ?, in : Treasury and Civil Service Committee, The Financial and Economic Consequences of UK Membership of the EC, 1985.

European Monetary Cooperation and Financial Stability, in : C. Van Ewijk, J.J. Klant, Monetary Conditions for Economic Recovery, 1985.

Comment on S. Black, in : J. Bilson, R.C. Marston, , Exchange Rates Theory and Practice, 1984.

Comment on W. Branson, in : P. Malgrange, P.A. Muet, Contemporary Macroeconomic Modelling, 1984.

Belgium : Politics and the Protection of Failing Companies, in : B. Hindley, State Investment Companies in Western Europe, 1983 (co-author with G. Van de Velde).

What Are the Scope of Limits of Fruitful International Monetary Co-operation in the 1980s, in : G. von Furstenberg, International Money and Credit : The Policy Roles, 1983.

Symptoms of an Overvalued Currency, in : M. De Cecco, International Economic Adjustment, 1983.

Exchange Rate Oscillations and Catastrophe Theory, in : E. Claassen, P. Salin, Recent Issues in the Theory of Flexible Exchange Rates, 1983.

Alternative Intervention Rules in the Exchange Markets of the European Monetary System, in : R. Batchelor, G. Wood, Exchange Rate Policy, 1982 (co-author with P. Van den Bergh).

Foreign Exchange Market Intervention using an ECU-indicator, in : M. Sumner and G. Zis, European Monetary Union, 1982 (co-author with P. Van den Bergh).

Vicious and Virtuous Circles and the Optica-Proposal : A Two-Country Analysis, in : M. Fratianni and T. Peeters, One Money for Europe, 1978 (co-author with G. Basevi).

Monetary Interdependence among Major European Countries, in : Aliber, The Political Economy of Monetary Reform, 1976.

The Oil Prize Increase, Stabilization Policies and Less Developed Countries, in : D. Leipziger, The International Monetary System and the Developing Countries, 1976.

Books

Economie de l'intégration monétaire, De Boeck Université, 1999.

The Economics of Monetary Integration, 3rd Edition, Oxford University Press, 1997.

International Money. Postwar Trends and Theories, Second Edition, Oxford University Press, Oxford, 1996.

The Economics of Monetary Integration, Japanese translation, 1995.

Onze Schuld. Ontstaan en Toekomst van Werkloosheid en Staatsschuld, Lannoo, 1994.

Exchange Rate Theory. Chaotic Models of Foreign Exchange Markets, Blackwell, Oxford UK, 1993 (co-author with H. Dewachter and M. Embrechts).

The Economics of Monetary Integration, Oxford University Press, 1992.

North-South in the EMS, CEPS and Brassey's, 1991 (co-author with J.-P. Danthine, L. Katseli, N. Thygesen).

The Autonomy of Economic Policy in a European Monetary Union, Internationale Spectator, p. 665-668, 1990.

The European Monetary System in the 1990's, Longman, London, 1990 (co-editor with L. Papademos).

Sociétés et fiscalité. Vers un nouveau régime, Duculot, 1990 (co-author with G. D'Alcantara).

De vennootschap en de fiscus. Naar een nieuw belastingstelsel, Lannoo, 1990 (co-author with G. D'Alcantara).

De Europese Monetaire Integratie : vier visies, SDU uitgeverij, 's-Gravenhage, pp. 195, 1989 (co-author with A. Knoester, A. Kolodziejak, A. Muijzers, Van Der Ploeg, C.J. Rijnvos).

International Money. Postwar Trends and Theories, Oxford University Press, pp. 257, 1989. Nieuwe handelstheorie en industriebeleid, Economisch Statistische Berichten, 3696, p. 208-212, 1989.

The ECU and European Monetary Integration, MacMillan, 1989 (co-author with Theo Peeters).

La main visible, Duculot, 1987.

De Zichtbare Hand. Het Conflict tussen Economie en Politiek, Lannoo, Tielt, 1986.

Interdependence, Macro-economic Policies and All That, The World Economy, 1985 (co-author with M. Fratianni).

Exchange Rates, Money and Output, The European Experience, London, 1985 (co-author with M. Fratianni and M. Nabli).

Exchange Rates in Multicountry Econometric Models, MacMillan, London, 1983 (co-author with T. Peeters).

Macroeconomic Theory for the Open Economy, Gower, Aldershot, pp. 319, 1983.

Vers une relance de l'Union Monétaire Europèenne, Textes et Documents, 1975 (co-author with D. Heremans, E. Van Rompuy).

 


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