Description
Book SynopsisReflecting the most update-to-date coverage of institutional changes within the European Monetary Union, the fourteenth edition of De Grauwe''s established textbook continues to encourage students to think critically about the sustainability of the Eurozone. The author uses an authoritative, concise and exciting approach to analyse theories and policies relating to monetary union, allowing students to develop a balanced understanding of different arguments and perspectives. Part One examines the implications of adopting a common currency while Part Two considers the problems associated with running a monetary union. Both parts analyse Europe''s experience and the issues faced by the European Central Bank.Case studies throughout the text provide rich, real life and qualitative examples to help students connect with the concepts and policies presented. Additionally, each chapter ends with a conclusion recapping the core issues, and a set of questions, which encourages students to test th
Trade ReviewThis is the best book in economics of the Monetary Union. It's well written and easy to follow by students * Soleiman Mohammadi Limaei, Senior Lecturer, Mid Sweden University *
An outstanding example of how an applied economics text should be written. Comprehensive, clear, well-structured, and reflecting the latest theoretical and policy debates * Robert Ackrill, Professor of European Economics and Policy, Nottingham Trent University *
The most updated and clear textbook that covers the challenges and prospects of the European Monetary Union * Giancarlo Ianulardo, Lecturer in Economics, University of Exeter *
Table of ContentsPart 1: 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 Part 2: Monetary Union 5: The fragility of incomplete monetary unions 6: The transition to a monetary union 7: How to complete a monetary union 8: Political economy of deconstructing the Eurozone 9: The European Central Bank 10: Monetary policy in the Eurozone 11: Fiscal policies in monetary unions 12: The euro and financial markets
