Economics of Monetary Union

Description

In the only textbook to focus on both the costs and benefits of monetary unions, Paul De Grauwe explores current issues surrounding the Eurozone and critically analyses the theories and policies relating to monetary union.

• The only textbook that discusses both the costs and benefits of monetary unions and the actual workings of the eurozone
• Filled with thought-provoking concepts to ensure students gain a balanced understanding of different arguments and perspectives related to the European Monetary Union
• Encourages students to examine the monetary union through theory, empirical analysis, and policy implications
• Also available as an e-book with functionality, navigation features, and links that offer extra learning support

New to this edition

• New content related to the effects of Covid-19 on the Eurozone and European Central Bank
• Increased coverage of the history of the monetary union in Chapter 6
• Additional end-of-chapter questions which enable students to recap their understanding of the concepts and theories presented in each chapter

About the Author(s)

Paul De Grauwe, John Paulson Chair in European Political Economy, London School of Economics

Table of Contents

Part 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

Reviews

"This 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

Additional Resources

The fourteenth edition is available for students and institutions to purchase in a variety of formats, and is supported by online resources.

The ebook offers a mobile experience and convenient access along with functionality tools, navigation features and links that offer extra learning
support: www.oxfordtextbooks.co.uk/ebooks

· This book is accompanied by the following online resources:
For students:
- Links to data sources
- Essay questions
- Web links
- Paul De Grauwe on Twitter

For Lecturers:
- PowerPoint slides
- Instructor's manual