Economics - General & Miscellaneous, Monetary Policy, European Economic Community/European Union - International Business, Macroeconomics - General & Miscellaneous, Economic Policies in Europe, Europe - International Business - General & Miscellaneous
Does a nation increase its welfare when in abolishes its national currency and adopts the currency of a wider area?
What effect will the financial crisis have onmonetary unions?
How will the financial crisis affect the way the European Central Bank conducts its monetary policie?
Economics of Monetary union tackles these questions by anlaysing both the costs and benefits asociated with having one currency, as well as the practical workings and current issues involved with the Euro.
The author begins by examining the implications of adopting a common currency; assessing how countries benefit from being Eurozone members, while also questioning whether other parts of the world would gain from monetary unification. The second half 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.
Synopsis
The ninth edition of Economics of Monetary Union provides a concise analysis of the theories and policies relating to monetary union. The author analyses both the costs and benefits associated with having one currency, as well as the practical workings and current issues with the Euro. In Part One the author examines the implications of adopting a common currency; assessing the countries benefit from being in the Eurozone members, while also questioning whether other parts of the world would gain from monetary unification. 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. Review comments: 'As a book that focuses on the Economics of the EMU, it is literally and metaphorically without competition and thus beyond compare'. Professor Rob Ackrill, Nottingham Trent University 'I think it is the best in the field.' Dr Matteo Iannizzotto, Durham University 'It is clearly the leading textbook for lecturers teaching modules in European Integration and a key reference for students and researchers.' Dr Jan Fidrmuc, Brunel University Online Resource Centre: For Students: Links to data sources Essay questions links to articles and papers For Lecturers: Instructor manual PowerPoint slides
About the Author, Paul De Grauwe
Paul de Grauwe is Professor of Economics at the Catholic University of Leuven, Belgium.
