Economics of Monetary Union (13th edition)

Summary:

The thirteenth edition of this textbook provides an authoritative and concise analysis of the theories and policies relating to monetary union in which the author helps readers to critically think about the sustainability of the Eurozone. New to this edition is an update evaluation of the new fiscal rules European Union (EU) authorities have introduced since the sovereign crisis, increase coverage of quantitative easing programme of the European Central Bank (ECB), and additional discussion of the housing market.

Part One examines the implications of adopting a common currency by analysing Europe's experience and the issues faced by the European Central Bank. 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.

Table of Contents:

• Part 1 | Costs and Benefits of Monetary Union
  • The costs of a common currency
  • The theory of optimum currency areas: a critique
  • The benefits of a common currency
  • Costs and benefits compared
• Part 2 | Monetary Union
  • The fragility of incomplete monetary unions
  • The transition to a monetary union
  • How to complete a monetary union
  • Political economy of deconstructing the Eurozone
  • The European Central Bank
  • Monetary policy in the Eurozone
  • Fiscal policies in monetary unions
  • The euro and financial markets

Further information:

There are more recent editions of this publication.