The authors concentrate on the macroeconomic aspects of this integration, focusing on measures of aggregate output and monetary aggregates as they relate to policy concerns, such as those surrounding the implementation of the gold standard, as well as the possible interaction of nominal and real factors in both growth and cycles.

Preface - PART 1: EUROPEAN ECONOMIC GROWTH BEFORE 1914 - European Integration in Theory and Practice - Political Integration of the European States - The Nature and Causes of Economic Growth, 1850-1913 - PART 2: THE FINANCIAL SYSTEM - Money, Banking and Financial Sophistication - Central Banking Before 1914 - Money and Prices, 1850-1913 - The Demand for Money - PART 3: GROWTH AND CYCLES: TOWARD AN INTEGRATED ECONOMY -The Integration of Product and Capital Markets - The European Trade Cycle, 1850-1913 - The Integration of the European Economy by 1913 - Endnotes - Technical Appendix - Data Appendix - References - Index