Economics of Monetary Union

By Paul De Grauwe

Book Overview

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.

• Format: Paperback
• Language: English
• ISBN: 0199297800
• ISBN13: 9780199297801
• Release Date: July 2007
• Publisher: Oxford University Press
• Length: 296 Pages
• Weight: 1.25 lbs.
• Dimensions: 7.3" x 0.6" x 9.6"

Customer Reviews

Useful

I'm an undergraduate student in Finance and Economics. I picked up this book for a term paper for my Public Economics class. If there's one thing to say about De Grauwe's book is that it seemed very useful, down to earth, in contrast to other economics books I've read. The concepts covered in the book were explained very clearly, and for someone interested in the area, the theories seemed ready for use for application in understanding the important issues of monetary integration.Whether there are flaws in the theory are--honestly--beyond my grasp; I'd have to read more. The book seems written and revised fairly enough and hasn't received negative comments from the faculty at my university. If someone else has a contrary opinion, I'm sure it'd help for people to hear.Check the sample pages if you want to see if this book would be good for you.