The seventh edition of 'Economics of Monetary Union' provides a concise analysis of the theories and policies relating to monetary union. De Grauwe analyses the costs and benefits associated with having one currency as well as the practical workings and current issues involved with the Euro. In the first part of the book the author considers the implications of joining a monetary union through discussion based on an economic cost-benefit analysis. The second part of the book looks at the reality of monetary unions by analysing Europe's experiences, such as how the European Central Bank was designed to conduct a single monetary policy. The seventh edition has been revised to include more discussion of monetary unions outside Europe and, to reflect this fast-moving area, updated coverage of new member states in transition and an updated discussion of the stability pact. Online Resource Centre An online resource centre, featuring supplements for lecturers including PowerPoint slides and an instructor manual, has been updated for this edition.
A similar phenomenon was observed by Charles Engel and Richard Rogers (Engel and Rogers 1995). They studied the price differentials of the same pairs of goods in different North American cities (in the USA and Canada).
Additionally, each chapter ends with a conclusion recapping the core issues, and a set of questions, which encourages students to test theirknowledge and stretch their understanding further.The fourteenth edition is available for students ...
Fully revised and updated, the third edition of this popular introductory textbook on monetary integration in Europe takes account of the recent important economic and policy changes in the European...
Bordo, M. and Schwartz, A. (Eds.) (1984): A Retrospective on the Classical Gold Standard, 1821–1931. NBER. Chicago: University of Chicago Press. Capie, F. and Wood, G. (Eds.) (2003): Monetary Unions: Theory, History, Public Choice.
A regulatory idea conducted this work: the need to connect the economic rationale of the theory of currency areas with the current EU institutional frame of the European monetary unification process.
The object of this work, first published in 1977, is to examine the history of the economic and monetary union (EMU) in the European Community, the policies of the parties involved and the conflicts of interest created in the political and ...
This title was first published in 2002: Concentrating on the myriad political aspects of European Monetary Union (EMU), this volume places the EMU and the European Union (EU) in a global context.
... F. Saraceno (2006), The Brussels-Frankfurt-Washington Consensus: Old and new tradeoffs in economics, in W. Mitchell, J. Muysken, T. van Veen, eds., Growth and Cohesion in the European Union: The Impact of Macroeconomic Policy, ...
The Political Economy of Monetary Union presents an important collection of the most influential articles covering different areas in this expanding field.The volume brings together both the classical articles which...
... VINES, D., Monetary and Fiscal Stabilization of Demand Shocks within Europe, in: Review of International Economics 5(4), ... 1991 ANDERSEN, T. M., SORENSEN, J. R., Unemployment and Fiscal Policy in an Economic and Monetary Union, ...