ISBN : 9780198849544
New to this Edition:
The thirteenth edition of this textbook provides an authoritative and concise analysis of the theories and policies relating to monetary union in which the author helps students to critically think about the sustainability of the Eurozone.
Part One examines the implications of adopting a common currency by analysing Europe's experience and the issues faced by the European Central Bank. Part Two of the book looks at the problems of running a monetary union by analysing Europe's experience and the issues faced by the European Central Bank.
Each chapter ends with a conclusion recapping the core issues, and a set of questions, which encourages students to test their knowledge and stretch their understanding further.
This book is accompanied by the following online resources:
- Links to data sources
- Essay questions
- Web links
- Paul De Grauwe on Twitter
Part 1: 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 2: Monetary Union
5: The fragility of incomplete monetary unions
6: The transition to a monetary union
7: How to complete a monetary union
8: Political economy of deconstructing the Eurozone
9: The European Central Bank
10: Monetary policy in the Eurozone
11: Fiscal policies in monetary unions
12: The euro and financial markets