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The economics of monetary integration

Author: Paul de Grauwe
Publisher: Oxford ; New York : Oxford University Press, 1994.
Edition/Format:   Print book : English : 2nd rev. edView all editions and formats
Summary:
This Revised Second Edition covers recent events in the EMS, including the collapse of the ERM; includes fully updated empirical evidence; includes discussion of new theoretical developments such as target zone models and credibility testing; and introduces the political issues surrounding the move to monetary union. This popular textbook on monetary integration has now been fully revised and updated with expanded
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Additional Physical Format: Online version:
Grauwe, Paul de.
Economics of monetary integration.
Oxford ; New York : Oxford University Press, 1994
(OCoLC)654607731
Material Type: Internet resource
Document Type: Book, Internet Resource
All Authors / Contributors: Paul de Grauwe
ISBN: 0198774222 9780198774228
OCLC Number: 30668335
Description: xiv, 226 pages : illustrations ; 22 cm
Contents: 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 --
II. Monetary Integration. 5. Incomplete Monetary Unions: The European Monetary System. 6. The Transition to a Monetary Union. 7. A European Central Bank. 8. Fiscal Policies in Monetary Unions.
Responsibility: Paul de Grauwe.
More information:

Abstract:

This Revised Second Edition covers recent events in the EMS, including the collapse of the ERM; includes fully updated empirical evidence; includes discussion of new theoretical developments such as target zone models and credibility testing; and introduces the political issues surrounding the move to monetary union. This popular textbook on monetary integration has now been fully revised and updated with expanded chapters on recent important events in the EMS, new empirical evidence, and coverage of further theoretical developments. This lucid and authoritative view will remain an invaluable undergraduate textbook.

Professor De Grauwe focuses on the economic theory of monetary union, presents the costs and benefits of moving to a single currency, and provides a detailed presentation of the monetary system operating in Europe. This second edition introduces the student to the political issues surrounding monetary union, and Professor De Grauwe offers a critical analysis of the possibility of eventual European transition to full monetary union.

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