Provides an analysis of the theories and policies relating to monetary union. This book analyses the costs and benefits associated with having one currency as well as the practical workings and issues involved with the Euro. It considers the implications of joining a monetary union through discussion based on an economic cost-benefit analysis.

Product Description: Competitiveness among nations is often approached as if it were a sports competition: some countries win medals, others lose out. This view of countries fighting it out in the economic arena is especially popular in business circles and among politicians...read more

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.

Product Description: The purpose of this collection is to shed light on the processes that lead to convergence or divergence in national inflation rates. It examines inflation and wage behavior in the European Monetary System (EMS), their determinants, and their implications for the credibility and sustainability of the system's exchange rate mechanism (ERM)...read more

Product Description: Book by Grauwe, Paul De