The tenth edition of Economics of Monetary Union provides a concise analysis of the theories and policies relating to monetary union. The author analyses both the costs and benefits associated with exiting the eurozone, as well as presenting a discussion of the banking union, the current issues surrounding the TARGET2 payment system, and the role of the European Central Bank. In Part One the author examines the implications of adopting a common currency, assessing each country's benefit from being a member of the eurozone, while 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.
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About the Author:
Professor Paul De Grauwe is John Paulson Chair in European Political Economy at London School of Economics and Head of the European Institute. He was a member of the Belgian parliament from 1991 to 2003 and is honorary doctor of the University of Sankt Gallen (Switzerland), of the University of Turku (Finland), and the University of Genoa.
Review:
Review from previous edition: "There is no competitor. For a student wanting to learn about the economics of EMU, this is the only book worth buying. For depth, breadth and clarity of coverage, look no further." --Professor Rob Ackrill, Nottingham Trent University
"This textbook is clearly the market leader. It is well established, presents a unified comprehensive framework of analysis and has the right level of discussion." --Dr Michael Arghyrou, Cardiff Business School
"The whole text provides the pitch perfect introduction to the subject." --Yioryos Makedonis, Queen Mary, University of London
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- PublisherOxford University Press
- Publication date2015
- ISBN 10 0199684448
- ISBN 13 9780199684441
- BindingPaperback
- Number of pages280
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Rating