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Review
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 text refers to an out of print or unavailable edition of this title.
Product Description
Economics of Monetary Union enables students to gain a firm understanding of the theories and policies relating to monetary unions. The author analyses the costs and benefits associated with having one currency, as well as the practical workings and current issues involved with the Euro. Recent global events are addressed in this new edition and coverage of the credit crisis and its implications for the Eurozone has been added. Other changes include further discussion of the world's other monetary unions and more analysis of the increasing role of the Euro as an international currency. The regularity with which this text is updated ensures that it is topical and current which is of great importance to those studying the Economics of Monetary Unions. Online Resource Centre For lecturers: Instructor manual PowerPoint slides For students: Data (new) Questions (new) Links to articles and papers (new)
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Most Helpful Customer Reviews
3 of 3 people found the following review helpful
Format:Paperback
This offers pretty much all you need to know about the European Union and OCA's, but falls a little short in the latter parts when discussing the policies of the ECB. All in all, a sound textbook.
Most Helpful Customer Reviews on Amazon.com (beta)
Amazon.com:
2 reviews
7 of 7 people found the following review helpful
Useful
10 April 2002
Format:Paperback
I'm an undergraduate student in Finance and Economics. I picked up this book for a term paper for my Public Economics class.
If there's one thing to say about De Grauwe's book is that it seemed very useful, down to earth, in contrast to other economics books I've read. The concepts covered in the book were explained very clearly, and for someone interested in the area, the theories seemed ready for use for application in understanding the important issues of monetary integration.
Whether there are flaws in the theory are--honestly--beyond my grasp; I'd have to read more. The book seems written and revised fairly enough and hasn't received negative comments from the faculty at my university. If someone else has a contrary opinion, I'm sure it'd help for people to hear.
Check the sample pages if you want to see if this book would be good for you.
0 of 2 people found the following review helpful
Poorly written, incoherent
4 Jan 2012
Format:Paperback
This textbook is poorly written: "one of the main driving forces for the popularity of a monetary union is to be found in the fact that it allows high-inflation countries to import price stability." (pg 99). Instead of "x is because of y," we always get "x has to do with the fact that y might possibly in some but not all important circumstances tend to exist." (pg. 55 and 64.) There's no content, and the same meaningless diagrams keep popping up.
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