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# Spring/​Summer 2004 

Vol. 24 No. 1 

The Future of the Euro

##### Articles 

#### [The Evolving U.S. Payments Imbalance and Its Impact on Europe and the Rest of the World ](/cato-journal/spring/summer-2004/evolving-us-payments-imbalance-its-impact-europe-rest-world)

By Alan Greenspan 

#### [Constitutional Efficiency and the European Central Bank ](/cato-journal/spring/summer-2004/constitutional-efficiency-european-central-bank)

By [James M. Buchanan](https://www.cato.org/people/james-buchanan) 

#### [Global Order and the Future of the Euro ](/cato-journal/spring/summer-2004/global-order-future-euro)

By Anna. J. Schwartz 

#### [The Euro Facing Other Moneys ](/cato-journal/spring/summer-2004/euro-facing-other-moneys)

By [Leland B. Yeager](https://www.cato.org/people/leland-yeager) 

#### [U.S. Imbalances and the Euro’s Outlook ](/cato-journal/spring/summer-2004/us-imbalances-euros-outlook)

By Kenneth Rogoff 

#### [Will the Pension Time Bomb Sink the Euro? ](/cato-journal/spring/summer-2004/will-pension-time-bomb-sink-euro)

By [José Piñera](https://www.cato.org/people/jose-pinera) 

#### [Fiscal Policy and the Future of the Euro ](/cato-journal/spring/summer-2004/fiscal-policy-future-euro)

By Laurence J. Kotlikoff 

#### [The Stability and Growth Pact: Its Role and Future ](/cato-journal/spring/summer-2004/stability-growth-pact-its-role-future)

By Vito Tanzi 

#### [Ending Europe’s Economic Underperformance ](/cato-journal/spring/summer-2004/ending-europes-economic-underperformance)

By Mickey D. Levy 

#### [Britain, the Euro, and the Five Tests ](/cato-journal/spring/summer-2004/britain-euro-five-tests)

By Patrick Minford 

#### [Benefits and Costs of Entering the Eurozone ](/cato-journal/spring/summer-2004/benefits-costs-entering-eurozone)

By George S. Tavlas 

#### [The Uselessness of Monetary Sovereignty ](/cato-journal/spring/summer-2004/uselessness-monetary-sovereignty)

By [Pedro Schwartz](https://www.cato.org/people/pedro-schwartz) 

#### [The Political Economy of Monetary Unification: The Swedish Euro Referendum of 2003 ](/cato-journal/spring/summer-2004/political-economy-monetary-unification-swedish-euro-referendum-2003)

#### [The Future of the Euro: A Public Choice Approach ](/cato-journal/spring/summer-2004/future-euro-public-choice-approach)

By Roland Vaubel 

#### [The United States as a Monetary Union and the Euro: A Historical Perspective ](/cato-journal/spring/summer-2004/united-states-monetary-union-euro-historical-perspective)

By Michael D. Bordo 

#### [The Future of the Euro: An Outsider’s View ](/cato-journal/spring/summer-2004/future-euro-outsiders-view)

By [Václav Klaus](https://www.cato.org/people/vaclav-klaus) 

##### Book Review 

##### [*European Integration, 1950–2003: Superstate or New Market Economy?* by John Gillingham](/cato-journal/spring/summer-2004/european-integration-1950-2003-superstate-or-new-market-economy-john)

By [Marian L. Tupy](https://www.cato.org/people/marian-l-tupy) 

##### [*Autocratic, Democratic, and Optimal Government* by William A. Niskanen](/cato-journal/spring/summer-2004/autocratic-democratic-optimal-government-william-niskanen)

By Richard E. Wagner 

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