TY - BOOK AU - Grauwe,Paul de TI - Economics of monetary union SN - 0199297800 (pbk.) AV - HG930.5 .G674 2007 PY - 2007/// CY - New York PB - Oxford University Press KW - European Monetary System (Organization) KW - Monetary unions KW - European Union countries KW - Monetary policy N1 - Includes bibliographical references (p.[259]-271) and index; The costs of a common currency -- The theory of optimum currency areas: a critique -- The benefits of a common currency -- Costs and benefits compared -- Monetary and political union -- The fragility of incomplete monetary unions -- The transition to a monetary union -- The European Central Bank -- Monetary policy in the eurozone -- Fiscal policies in monetary unions -- The euro and financial markets N2 - "Economics of Monetary Union has established itself as a classic text for those studying the analysis of the theories and policies relating to monetary union. De Grauwe concisely analyzes the costs and benefits associated with having one currency as well as the practical workings and current issues involved with the euro." "This seventh edition has been revised to include more discussion of monetary unions outside Europe as well as expanded coverage on the benefits of a common currency, and discussion of proposals for an integrated payment system in the Eurozone. A new chapter discusses the link between monetary and political union. The new member states are included in this new edition to reflect the changing face of Europe, and there is also updated discussion of the Stability Pact."--BOOK JACKET ER -