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Economics of Monetary Union

Economics of Monetary Union

by Paul De Grauwe

Publisher: Oxford University Press
ISBN: 9780198739876
Pages: 280
Format: pdf, ePub, mobi, fb2
File size: 7 Mb
Date posting: 2021-02-24
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Does a nation increase its welfare when in abolishes its national currency and adopts the currency of a wider area? What effect will the financial crisis have onmonetary unions? How will the financial crisis affect the way the European Central Bank conducts its monetary policie? Economics of Monetary union tackles these questions by anlaysing both the costs and benefits asociated with having one currency, as well as the practical workings and current issues involved with the Euro. The author begins by examining the implications of adopting a common currency; assessing how countries benefit from being Eurozone members, while also questioning whether other parts of the world would gain from monetary unification. The second half 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.