Economics of Monetary Union

• This book is an established market leader, focusing entirely on economic monetary union, thus providing students with an excellent level of detail.
• Provides a strong analytical framework, giving students a solid basis for examining monetary unions.
• The text is updated regularly to ensure that the content is up to date in such a fast moving market.

New to this edition

• Updated topics throughout, including the credit crisis and its implications for the Eurozone, the supervision of banks in the Eurozone, and the recent fluctuations in inflation rates.
• Further discussion of the world's other monetary unions has been included, along with more analysis of the increasing role of the Euro as an international currency and more institutional detail on the Stability and Growth Pact.
• The Online Resource Centre has been expanded to include student resources, featuring data, questions, and links to articles and papers for further reading.

Readership: Students on the third year of an Economics degree or postgraduate course. Also students taking an optional module in Monetary Policy on a Politics or European Studies degree.

Paul De Grauwe, Department of Economics, Catholic University of Leuven, Belgium

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
5: Optimal Currency Areas Case Studies: Is the Enlarged European Union an Optimal Currency Area? Is Latin America an Optimal Currency Area?
Monetary Union
6: Incomplete Monetary Unions: The European Monetary System, Dollarization
7: The Transition to a Monetary Union: Problems of Transition in Central Europe, Problems of Transition of the UK
8: The European Central Bank
9: Monetary Policy in Euroland
10: Fiscal Policies in Monetary Unions
11: The Euro and Financial Markets