The Economics of Monetary Integration - Hardcover

De Grauwe, Paul

Hardcover

ISBN 10: 0198773471 ISBN 13: 9780198773474

Publisher: Oxford University Press, 1992

Synopsis

This expositive textbook on monetary integration looks at the economic costs and benefits of such a union in Europe. The author examines such topical issues as whether there is a good economic case for countries to have separate currencies, and whether a nation increases its welfare when it abolishes its national currency and adopts a currency of a wider area. These questions lead to others concerning the size of an optimal monetary area - should this include the EC, the whole of Europe or the whole world? The first part of the book focuses on complete monetary unions in which a common currency is substituted for national currencies. The second part looks at incomplete monetary unions in which national monetary authorities maintain their national currencies but agree to fix their exchange rates. This leads to an analysis of the European Monetary System and also examines the issues relating to the transition to a full monetary system.

About this title

About the Author:

Paul de Grauwe, Professor of Economics, Centre for Economic Studies, University of Leuven.

Review:

`A very thorough account of the macroeconomics of European Money Integration.' C. Tsoukas, Lecuturer, Hull University

`Clear yet sound theoretical exposition of monetary union.' R Henderson, Lecturer/Reader, Leeds Metropolitan University

`Paul de Grauwe is an outstanding specialist in the field of Monetary integration and is able to explain difficult items in a concise and simple manner.' Prof. dr. H W Hoen, Professor, University of Groningen

About this edition

• Publisher: Oxford University Press
• Publication date: 1992
• ISBN 10: 0198773471
• ISBN 13: 9780198773474
• Binding: Hardcover
• Number of pages: 208