Fiscal Policy, Taxation and the Financial System in an Increasingly Integrated Europe

A Opening Addresses.- I Introduction.- II Monetary and Fiscal Policy in Portugal: A New Approach to an Old Challenge.- III Quelques réflexions sur le processus de transition vers l’union économique et monétaire.- IV On Policies Toward Saving.- B Private Savings and the Taxation of Income from Capital.- V Tax Policy and Private Saving in the 1980s: The United States Experience.- VI The Linkages Between Taxation, Private Saving Decisions and Financial Intermediation: Some International Comparisons.- VII Fiscalité et épargne des ménages en France à l’heure de l’intégration européenne.- VIII Household Saving, Interest Rates, Inflation and Taxation: Some Cross-Country Evidence.- C Imbalances in Public Sector Budgets and their Impact on Financial Systems.- IX Imbalances in Public Sector Deficits: The Dutch Experience.- X The Italian Public Debt Problem.- XI The EC’s Public Debt Disease: Discipline with Credit Spreads and Cure with Price Stability.- XII Financing Budget Deficits by Seigniorage and Implicit Taxation: The Cases of Spain and Portugal.- XIII Note on UK Experience with a Budget Surplus and Implications for Financial Markets.- D International Resource Transfers and the Respective Roles of Governments and Private Capital Flows.- XIV Labour Mobility, Fiscal Solidarity and the Exchange Rate Regime: A Parable of European Union and Cohesion.- XV International Resource Transfers and the Respective Roles of Governments and Private Capital Flows: Economic and Political Reforms in Eastern Europe.- XVI German Economic and Monetary Union: Impact on Private and Public Capital Flows.- XVII Synergy between Public Transfer and Direct Investments in the Reconstruction of Central Europe.- XVIII System Conditions for the Promotion of Foreign Capital Participation inthe Czech and Slovak Federative Republic.- E The Policy Mix, Monetary Policy, and Financial Stability in the Transition to Economic and Monetary Union.- XIX Fiscal Arrangements in a Monetary Union: Evidence from the US.- XX The Scope for Fiscal Policy in the European Community.- XXI La formulation de la politique monétaire dans le cadre de l’intégration financière en Europe.- XXII The First Stage Towards Economie and Monetary Union.- XXIII European Monetary Integration and National Budgetary Policies: New Rules for an Old Game?.- F Concluding Address.- XXIV General Report on the Colloquium.