The Economics of Monetary Integration - Softcover

Praise for Earlier Editions: "The exposition is clear and straightforward....It has no competition, as far as I know, in bringing together some facts and theory in a suitably digestable and pedagogical way. It makes a good 'core' text."--Economica "Lucid, comprehensive, and well balanced. It can be recommended to both specialists and the reasonably well-informed general reader without any reservations."--Economic Affairs "A superb tour de force. A scrupulously balanced assessment of EMU. An excellent mix of theory and empirical work."--Dermot McAleese, Trinity College, Dublin "A very concise and clear book; a dream come true for students."--Ugur Aker, Hiram College Praise for Earlier Editions: "The exposition is clear and straightforward....It has no competition, as far as I know, in bringing together some facts and theory in a suitably digestable and pedagogical way. It makes a good 'core' text."--Economica "Lucid, comprehensive, and well balanced. It can be recommended to both specialists and the reasonably well-informed general reader without any reservations."--Economic Affairs "A superb tour de force. A scrupulously balanced assessment of EMU. An excellent mix of theory and empirical work."--Dermot McAleese, Trinity College, Dublin "A very concise and clear book; a dream come true for students."--Ugur Aker, Hiram College Praise for Earlier Editions: "The exposition is clear and straightforward....It has no competition, as far as I know, in bringing together some facts and theory in a suitably digestable and pedagogical way. It makes a good 'core' text."--Economica "Lucid, comprehensive, and well balanced. It can be recommended to both specialists and the reasonably well-informed general reader without any reservations."--Economic Affairs "A superb tour de force. A scrupulously balanced assessment of EMU. An excellent mix of theory and empirical work."--Dermot McAleese, Trinity College, Dublin "A very concise and clear book; a dream come true for students."--Ugur Aker, Hiram College Praise for Earlier Editions: "The exposition is clear and straightforward....It has no competition, as far as I know, in bringing together some facts and theory in a suitably digestable and pedagogical way. It makes a good 'core' text."--Economica "Lucid, comprehensive, and well balanced. It can be recommended to both specialists and the reasonably well-informed general reader without any reservations."--Economic Affairs "A superb tour de force. A scrupulously balanced assessment of EMU. An excellent mix of theory and empirical work."--Dermot McAleese, Trinity College, Dublin "A very concise and clear book; a dream come true for students."--Ugur Aker, Hiram College

This textbook on monetary integration, now in its third edition, has been fully revised and updated to take account of the recent important economic and political changes in the EMS, including new empirical evidence and coverage of further theoretical developments. Focusing on the economic theory of monetary union, Professor De Grauwe evaluates the costs and benefits of monetary union and the current possibilities of moving towards a single currency.