Monetary and Economic Studies
Vol.9, No.1 / March 1991
External Dimension of Europe 1992: Its Effests on the Relationship between Europe, the United States and Japan
Kumiharu Shigehara
This article examines the impacts of the European Single Market on the economic and financial relationships between Europe, the United States and Japan. It argues that the external effects of the European Single Market will crucially depend on the magnitude of the EC's domestic growth bonus associated with the Single Market and the future course of its trade and financial policy 
the rest of the world, and examines a range of related policy issues.
Views expressed in the paper are those of the authors and do not necessarily reflect those of the Bank of Japan or Institute for Monetary and Economic Studies.