Reflecting the most update-to-date coverage of institutional changes within the European Monetary Union, the fourteenth edition of De Grauwe's established textbook continues to encourage students to think critically about the sustainability of the Eurozone. The author uses an authoritative, concise and exciting approach to analyse theories and policies relating to monetary union, allowing students to develop a balanced understanding of different arguments and perspectives. Part One examines the implications of adopting a common currency while Part Two considers the problems associated with running a monetary union. Both parts analyse Europe's experience and the issues faced by the European Central Bank. Case studies throughout the text provide rich, real life and qualitative examples to help students connect with the concepts and policies presented. Additionally, each chapter ends with a conclusion recapping the core issues, and a set of questions, which encourages students to test their knowledge and stretch their understanding further. The fourteenth edition is available for students and institutions to purchase in a variety of formats, and is supported by online resources. DT The ebook offers a mobile experience and convenient access along with functionality tools, navigation features and links that offer extra learning support: www.oxfordtextbooks.co.uk/ebooks DT This book is accompanied by the following online resources: For students: - Links to data sources - Essay questions - Web links - Paul De Grauwe on Twitter For Lecturers: - PowerPoint slides - Instructor's manual

Economics of the Monetary Union

Business & Money

De Grauwe, Paul

Economics

Oxford University Press

The eleventh edition of Economics of Monetary Union provides a concise analysis of the theories and policies relating to monetary union. The author addresses current issues surrounding the Eurozone, including; a critical discussion of the costs and benefits of possible exits by its member countries, an analysis of the role of the ECB as new single supervisor and detail on the sovereign debt crisis. In Part One the author examines the implications of adopting a common currency, assessing the benefit to each country from being a member of the Eurozone, whilst also questioning whether other parts of the world would gain from monetary unification. 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. Contents List Part One: Costs and Benefits of Monetary Union Chapter 1 The Costs of Common Currency Chapter 2 The Theory of Optimum Currency Areas: A Critique Chapter 3 The Benefits of a Common Currency Chapter 4 Costs and Benefits Compared Part Two: Monetary Union Chapter 5 The Fragility of Incomplete Monetary Union Chapter 6 How to Complete a Monetary Union? Chapter 7 The Transition to a Monetary Union Chapter 8 The European Central Bank Chapter 9 Monetary Policy in the Eurozone Chapter 10 Fiscal Policies in Monetary Unions Chapter 11 The Euro and Financial Markets Online Resource Centre The Online Resource Centre features: For Students: Links to data sources Essay questions Paul de Grauwe on Twitter Links to articles and papers For Lecturers: Instructor manual PowerPoint slides

Economics of Monetary Union

The Economics of Monetary Integration

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.

Is there a strong economic case for a nation to have separate currencies? Does a nation increase its welfare by abolishing its currency and adopting that of a wider area? Should that area be the European Community, all of Europe, or the whole world? This volume on monetary integration addresses these questions through an exploration of the economic costs and benefits of such a union in Europe. It includes an analysis of the European Monetary System and scrutinizes issues related to the transition to a full monetary system.

This valuable textbook on monetary integration has been fully revised and updated to provide the most reliable and up-to-date analysis available of the costs and benefits of monetary union in Europe. De Grauwe has expanded his coverage of the rise and fall of the European Monetary System, included full discussion of the events of 1993, presented new theoretical arguments, and offered a critical analysis of the possibility of transition to a full monetary system. His lucid and comprehensive analysis will continue to be an important source for undergraduate and graduate students.

International Money: Postwar Trends and Theories

The period since the Second World war has been an eventful and often disturbing one in the international monetary field. Economic theories have been propounded and modified both to explain these events and to influence future choices made by economic actors. This history of international monetary relations shows both how theoretical development affected private developments, and how the theories themselves have been judged - and often discarded - on the basis of their perceived accordance with actuality. Exchange rate movements in particular are examined in the light of the absence of any generally accepted fundamental model, and the author deploys here his own theory based on the idea of bounded rationality. Finally, he looks ahead to future possibilities for the international monetary system. New in the Second Edition Fully revised and updated Includes an account of the EMS up till the end of 1995 Fuller theoretical coverage of fixed exchange rate systems, including the modelling of speculative attacks Covers chaos theory and near-rational behaviour Includes new sections on: speculators and speculative bubbles; target zones and other proposals for international monetary reform; the importance of free capital mobility and proposals to control capital movements.

This is the second edition of Paul De Grauwe's history of international monetary relations. Significantly revised and expanded, it includes an up-to-date account of the EMS; fuller theoretical coverage of fixed exchange rate systems; coverage of chaos theory and near-rational behaviour; and new sections on speculating, target zones, and the importance of free capital mobility.

Fully revised and updated, the third edition of this popular introductory textbook on monetary integration in Europe takes account of the recent important economic and policy changes in the European Monetary System. Focusing on the economic theory of monetary union, Paul De Grauwe authoritatively evaluates the costs and benefits of monetary union and the current possibilities of moving towards a single currency.

Fully revised and updated, this popular introductory textbook on monetary integration in Europe covers important recent events and theoretical issues. Paul De Grauwe authoritatively evaluates the costs and benefits of monetary union and the current possibilities of moving towards a single currency.

The old discussion of 'Market or State' is obsolete. There will always have to be a mix of market and state. The only relevant question is what that mix should look like. How far do we have to let the market go its own way in order to create as much welfare as possible for everyone? What is the responsibility of the government in creating welfare? These are difficult questions. But they are also interesting questions and Paul De Grauwe analyses them in this book. The desired mix of market and state is anything but easy to bring about. It is a difficult and sometimes destructive process that is constantly in motion. There are periods in history in which the market gains in importance. During other periods the opposite occurs and government is more dominant. The turning points in this pendulum swing typically seem to coincide with disruptive events that test the limits of market and state. Why we experience this dynamic is an important theme in the book. Will the market, which today is afforded a greater and greater role due to globalization, run up against its limits? Or do the financial crisis and growing income inequality show that we have already reached those limits? Do we have to brace ourselves for a rejection of the capitalist system? Are we returning to an economy in which the government is running the show?

The Limits of the Market: The Pendulum Between Government and Market

See the best price to sell, buy, or rent books by De Grauwe, Paul. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

Books by De Grauwe, Paul

See the best price to sell, buy, or rent books by De Grauwe, Paul. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

Economics of the Monetary Union

Economics of Monetary Union

The Economics of Monetary Integration

The Economics of Monetary Integration

The Economics of Monetary Integration

International Money: Postwar Trends and Theories

International Money: Postwar Trends and Theories

The Economics of Monetary Integration

The Economics of Monetary Integration

The Limits of the Market: The Pendulum Between Government and Market