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Economics of Monetary Union, 4th Edition
 
 
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Economics of Monetary Union, 4th Edition [Paperback]

Paul De Grauwe (Author)
2.5 out of 5 stars  See all reviews (2 customer reviews)


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Book Description

0198776322 978-0198776321 July 13, 2000 4
Fully revised and updated following the monetary inegration of Europe, this popular introductory textbook examines recent events from both economic and political perspectives, covering costs and benefits in a scrupulously balanced account.


Editorial Reviews

Review

`A very thorough account of the macroeconomics of European Money Integration.' C. Tsoukas, Lecuturer, Hull University

`Clear yet sound theoretical exposition of monetary union.' R Henderson, Lecturer/Reader, Leeds Metropolitan University

`Paul de Grauwe is an outstanding specialist in the field of Monetary integration and is able to explain difficult items in a concise and simple manner.' Prof. dr. H W Hoen, Professor, University of Groningen

About the Author

Paul de Grauwe, Professor of Economics, Centre for Economic Studies, University of Leuven.

Product Details

  • Paperback: 256 pages
  • Publisher: Oxford University Press, USA; 4 edition (July 13, 2000)
  • Language: English
  • ISBN-10: 0198776322
  • ISBN-13: 978-0198776321
  • Product Dimensions: 9.6 x 7.4 x 0.6 inches
  • Shipping Weight: 1.3 pounds
  • Average Customer Review: 2.5 out of 5 stars  See all reviews (2 customer reviews)
  • Amazon Best Sellers Rank: #4,084,972 in Books (See Top 100 in Books)

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Average Customer Review
2.5 out of 5 stars (2 customer reviews)
 
 
 
 
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Most Helpful Customer Reviews

7 of 7 people found the following review helpful:
4.0 out of 5 stars Useful, April 10, 2002
By A Customer
This review is from: Economics of Monetary Union, 4th Edition (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.

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1.0 out of 5 stars Poorly written, incoherent, January 4, 2012
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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Inside This Book (learn more)
First Sentence:
THE costs of a monetary union derive from the fact that when a country relinquishes its national currency, it also relinquishes an instrument of economic policy, i.e. it loses the ability to conduct a national monetary policy. Read the first page
Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
trade account equilibrium, money stock targeting, stabilization line, union interest rate, asymmetric shocks, natural unemployment rate, stabilization path, exchange rate instrument, inflation equilibrium, rate tenders, monetary policy strategy, asymmetric disturbances, exchange rate uncertainty, inflation bias, speculative crises, optimum currency areas, monetary union, inflation rule, outright default, real divergence, negative demand shock, financial market integration, national fiscal policies, devaluation risk, interest parity condition
Key Phrases - Capitalized Phrases (CAPs): (learn more)
Governing Council, European Commission, Maastricht Treaty, Federal Reserve, Executive Board, European Economy, European Union, Bretton Woods, European Monetary System, Banque de France, Deutsche Bank, France Germany, Germany France, Monthly Report, Credit Lyonnais, East Germany, International Financial Statistics, United Kingdom, Paul Krugman
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