Economics of Monetary Union by Paul De GrauweEconomics of Monetary Union by Paul De Grauwe

Economics of Monetary Union

byPaul De Grauwe

Paperback | March 16, 2016

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The eleventh edition of Economics of Monetary Union provides a concise analysis of the theories and policies relating to monetary union. The author addresses current issues surrounding the Eurozone, including; a critical discussion of the costs and benefits of possible exits by its membercountries, an analysis of the role of the ECB as new single supervisor and detail on the sovereign debt crisis. In Part One the author examines the implications of adopting a common currency, assessing the benefit to each country from being a member of the Eurozone, whilst also questioning whether other parts of the world would gain from monetary unification. Part Two of the book looks at the problems ofrunning a monetary union by analysing Europe's experience and the issues faced by the European Central Bank.

About The Author

Currently Paul De Grauwe is John Paulson Professor in European Political Economy at LSE. Prior to joining LSE, Paul was Professor of International Economics at the University of Leuven, Belgium. He was a member of the Belgian parliament from 1991 to 2003. He is honorary doctor of the University of Sankt Gallen (Switzerland), of the Uni...
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Details & Specs

Title:Economics of Monetary UnionFormat:PaperbackDimensions:288 pages, 9.69 × 7.44 × 0.53 inPublished:March 16, 2016Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0198739877

ISBN - 13:9780198739876

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Table of Contents

Part One: Costs and Benefits of Monetary Union1. The Costs of Common Currency2. The Theory of Optimum Currency Areas: A Critique3. The Benefits of a Common Currency4. Costs and Benefits ComparedPart Two: Monetary Union5. The Fragility of Incomplete Monetary Union6. How to Complete a Monetary Union?7. The Transition to a Monetary Union8. The European Central Bank9. Monetary Policy in the Eurozone10. Fiscal Policies in Monetary Unions11. The Euro and Financial Markets

Editorial Reviews

"In my opinion this is the best text book on the European Monetary Union on the market." --Dr Bruce Morley, University of Bath