Author Description

The eleventh 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.Contents ListPart One: Costs and Benefits of Monetary UnionChapter 1 The Costs of Common CurrencyChapter 2 The Theory of Optimum Currency Areas: A CritiqueChapter 3 The Benefits of a Common CurrencyChapter 4 Costs and Benefits ComparedPart Two: Monetary UnionChapter 5 The Fragility of Incomplete Monetary UnionChapter 6 How to Complete a Monetary Union?Chapter 7 The Transition to a Monetary UnionChapter 8 The European Central BankChapter 9 Monetary Policy in the EurozoneChapter 10 Fiscal Policies in Monetary UnionsChapter 11 The Euro and Financial MarketsOnline Resource CentreThe Online Resource Centre features:For Students:Links to data sourcesEssay questionsPaul de Grauwe on TwitterLinks to articles and papersFor Lecturers:Instructor manualPowerPoint slides