The past twenty years have seen two waves of research on currency unions, prompted by the early experience of the European Economic and Monetary Union and by the existential crisis experienced by the euro area as a strand of the global financial crisis. The authors explore crucial themes and topics such as optimal currency area theory, the central banks and new views on policy choices, providing a comprehensive and influential review of currency unions.

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Edited by Patrick Honohan, Honorary Professor of Economics, Trinity College Dublin, Ireland, Nonresident Senior Fellow, Peterson Institute for International Economics, Washington D.C., US and Research Fellow, CEPR, London, UK, Fadi Hassan, Senior Economist, Bank of Italy and Research Associate, CEPR, London School of Economics, UK and Davide Romelli, Assistant Professor of Economics, Trinity College Dublin, Ireland, Fellow of the BAFFI-CAREFIN, Bocconi University, Italy and Research Associate, SUERF – The European Money and Finance Forum

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