Overview

The Political Economy of Monetary Union presents an important collection of the most influential articles covering different areas in this expanding field. The volume brings together both the classical articles which have laid the foundations for the theory of optimum currency and the resulting empirical literature. Further papers focus on the issues of fiscal policy, the design and operation of the central bank in a monetary union and the problems of transition to monetary union. This authoritative volume is essential reading for all scholars, students and practitioners interested in the issues relating to economic and monetary unification.

Full Product Details

Author:   Paul De Grauwe
Publisher:   Edward Elgar Publishing Ltd
Imprint:   Edward Elgar Publishing Ltd
Volume:   134
Weight:   0.886kg
ISBN:  

9781840644265

ISBN 10:   1840644265
Pages:   608
Publication Date:   28 August 2001
Audience:   College/higher education ,  Professional and scholarly ,  Postgraduate, Research & Scholarly ,  Professional & Vocational
Format:   Hardback
Publisher's Status:   Active
Availability:   In Print  
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Table of Contents

Contents Acknowledgements Introduction Paul De Grauwe PART I THE THEORY OF OPTIMUM CURRENCY AREAS 1. Robert A. Mundell (1961), 'A Theory of Optimum Currency Areas' 2. Ronald I. McKinnon (1963), 'Optimum Currency Areas' 3. Peter B. Kenen (1969), 'The Theory of Optimum Currency Areas: An Eclectic View' 4. Paul Krugman (1993), 'Lessons of Massachusetts for EMU' 5. George S. Tavlas (1993) 'The New Theory of Optimum Currency Areas' 6. Tamim Bayoumi (1994), 'A Formal Model of Optimum Currency Areas' PART II EMPIRICAL ANALYSIS OF OPTIMUM CURRENCY AREAS 7. Tamim Bayoumi and Barry Eichengreen (1993), 'Shocking Aspects of European Monetary Integration' 8. Tamim Bayoumi and Barry Eichengreen (1997), 'Ever Closer to Heaven? An Optimum-Currency-Area Index for European Countries' 9. M.J. Artis and W. Zhang (1997), 'International Business Cycles and the ERM: Is there a European Business Cycle?' 10. Paul De Grauwe and Wim Vanhaverbeke (1993), 'Is Europe an Optimum Currency Area?: Evidence from Regional Data' 11. Joerg Decressin and Antonio Fatas (1995), 'Regional Labour Market Dynamics in Europe' 12. Charles Engel and John H. Rogers (1996), 'How Wide is the Border?' 13. Jeffrey A. Frankel and Andrew K. Rose (1998), 'The Endogeneity of the Optimum Currency Area Criteria' PART III FISCAL POLICIES IN A MONETARY UNION 14. Xavier Sala-i-Martin and Jeffrey Sachs (1992), 'Fiscal Federalism and Optimum Currency Areas: Evidence for Europe from the United States' 15. Jurgen von Hagen (1992), 'Fiscal Arrangements in a Monetary Union. Evidence from the US' 16. Willem Buiter, Giancarlo Corsetti and Nouriel Roubini (1993), 'Excessive Deficits: Sense and Nonsense in the Treaty of Maastricht' 17. Charles Wyplosz (1991), 'Monetary Union and Fiscal Policy Discipline' 18. Pierfederico Asdrubali, Bent E. Sorensen and Oved Yosha (1996), 'Channels of Interstate Risk Sharing: United States 1963-1990' PART IV THE CENTRAL BANK IN A MONETARY UNION 19. Jakob de Haan (1997), 'The European Central Bank: Independence, Accountability and Strategy: A Review' 20. Stephen G. Cecchetti (1999), 'Legal Structure, Financial Structure, and the Monetary Policy Transmission Mechanism' 21. Rudi Dornbusch, Carlo Favero and Francesco Giavazzi (1998), 'Immediate Challenges for the European Central Bank' PART V ISSUES OF TRANSITION TO MONETARY UNION 22. David Begg, Francesco Giavazzi, Jurgen von Hagen and Charles Wyplosz (1997), EMU: Getting the End-game Right 23. Roland Vaubel (1990), 'Currency Competition and European Monetary Integration' 24. Friedrich A. Hayek (1984), 'The Theory of Currency Competition. I.1 The Future Unit of Value' Name Index

Reviews

'The selection of readings prepared by Paul De Grauwe - himself an important contributor to the theory of monetary union - is a most timely and useful tool for teachers and students.' -- Giorgio Basevi, University of Bologna, Italy

Author Information

Edited by Paul De Grauwe, The London School of Economics and Political Science, UK

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