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Full Description
The twelfth 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 member countries, 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 of running a monetary union by analysing Europe's experience and the issues faced by the European Central Bank. The book is accompanied by online resources that feature:For students:r s1- Links to data sources- Essay questions- Web links- Paul De Grauwe on TwitterFor Lecturers: - PowerPoint slides- Instructor's manual
Contents
Part One1: 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: Transition to a monetary union7: How to complete a monetary union?8: Leaving a monetary union9: The European central bank10: Monetary policy in the Eurozone11: Fiscal policies in monetary unions12: The euro and financial markets



