Economics of Monetary Integration

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.

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.