Synopses & Reviews
Fully revised and updated, the third edition of this popular introductory textbook on monetary integration in Europe takes account of the recent important economic and policy changes in the European Monetary System. Focusing on the economic theory of monetary union, Paul De Grauwe authoritatively evaluates the costs and benefits of monetary union and the current possibilities of moving towards a single currency.
Review
Praise for Earlier Editions: "The exposition is clear and straightforward....It has no competition, as far as I know, in bringing together some facts and theory in a suitably digestable and pedagogical way. It makes a good 'core' text."--Economica
"Lucid, comprehensive, and well balanced. It can be recommended to both specialists and the reasonably well-informed general reader without any reservations."--Economic Affairs
"A superb tour de force. A scrupulously balanced assessment of EMU. An excellent mix of theory and empirical work."--Dermot McAleese, Trinity College, Dublin
"A very concise and clear book; a dream come true for students."--Ugur Aker, Hiram College
Synopsis
Fully revised and updated, this popular introductory textbook on monetary integration in Europe covers important recent events and theoretical issues. Paul De Grauwe authoritatively evaluates the costs and benefits of monetary union and the current possibilities of moving towards a single currency.
Description
Includes bibliographical references (p. [211]-219) and index.
About the Author
Paul De Grauwe is Professor of Economics at the Centre for Economic Studies in Leuven. He has been a doctoral fellow at the Brookings Institution and a visiting professor at the universities of Paris, Michigan, and Pennsylvania.
Table of Contents
' Introduction
Part I: Costs and Benefits of Monetary Union
1. The Costs of a Common Currency
2. The Theory of Optimum Currency Areas: A Critique
3. The Benefits of a Common Currency
4. Costs and Benefits Compared
Part II: Monetary Integration
5. Incomplete Monetary Unions: The European Monetary System
6. The Transition to a Monetary Union
7. Technical Problems During the Transition Period
8. The Design of a European Central Bank
9. Fiscal Policies in Monetary Unions
References
Index
'