Synopses & Reviews
Thoroughly revised and updated, this new edition of 'Economics of Monetary Union' successfully covers all the key issues relating to monetary union and will fit with both undergraduate and postgraduate Economics modules. Clear and concise, it covers the costs and benefits of monetary union in part one and the present workings of the European monetary union in part two. Building on the success of previous editions, the book has new case studies, updated content and a text supporting web site with Power point slides and lecture notes.
Synopsis
Fully revised and updated following the monetary inegration of Europe, this popular introductory textbook examines recent events from both economic and political perspectives, covering costs and benefits in a scrupulously balanced account.
Synopsis
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.
Synopsis
Includes bibliographical references (p. [235]-249) and index.
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.
Synopsis
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.
About the Author
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
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