ISBN-10:
0262050544
ISBN-13:
9780262050548
Pub. Date:
11/28/1997
Publisher:
MIT Press
European Monetary Unification: Theory, Practice, and Analysis / Edition 1

European Monetary Unification: Theory, Practice, and Analysis / Edition 1

by Barry Eichengreen

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Product Details

ISBN-13: 9780262050548
Publisher: MIT Press
Publication date: 11/28/1997
Series: The MIT Press
Pages: 356
Product dimensions: 6.00(w) x 9.00(h) x 1.25(d)
Age Range: 18 Years

About the Author

Barry Eichengreen is George C. Pardee and Helen N. Pardee Professor of Economics and Political Science at the University of California, Berkeley. He is the author of Capital Flows and Crises (MIT Press, 2002) and other books.

Table of Contents

1 Introduction
1(12)
2 One Money for Europe? Lessons from the U.S. Currency Union
13(38)
3 Is Europe an Optimum Currency Area?
51(22)
4 Shocking Aspects of European Monetary Unification
73(38)
5 Ever Closer to Heaven? An Optimum Currency Area Index for European Countries
111(10)
6 Labor Markets and European Monetary Unification
121(32)
7 The Unstable EMS
153(72)
8 The Political Economy of Fiscal Restrictions: Implications for Europe from the United States
225(10)
9 Fiscal Policy and Monetary Union: Is There a Tradeoff between Federalism and Fiscal Restrictions?
235(12)
10 A More Perfect Union? On the Logic of Economic Integration
247(24)
11 How Will Transatlantic Policy Interactions Change with the Advent of EMU?
271(52)
12 Epilogue: Inconsistent Quartets
323(6)
References 329(14)
Index 343

What People are Saying About This

Peter B. Kenen

Barry Eichengreen has done more than any other economist to help us understand the workings, opportunities, and risks of European monetary union. Anyone already interested in EMU will have read some of the papers on which this book is based—and will want to read the rest. Anyone newly interested in EMU should start at the beginning and not stop. Other economists have collected their papers on EMU, but this is the best by far.

Niels Thygesen

Barry Eichengreen has over the past decade raised the standard of thedebate on Europe's monetary unification in a number of articles collectedin this volume. He combines the skills of an econometrician with theaccurate analysis and critical judgement of political decision process byan economic historian. By using the US experience of its currency union asa benchmark he has put challenging questions to European policy makers.

Endorsement

Barry Eichengreen has over the past decade raised the standard of thedebate on Europe's monetary unification in a number of articles collectedin this volume. He combines the skills of an econometrician with theaccurate analysis and critical judgement of political decision process byan economic historian. By using the US experience of its currency union asa benchmark he has put challenging questions to European policy makers.

Niels Thygesen, University of Copenhagen

From the Publisher

Barry Eichengreen stands out among American economists as being a supporter of European monetary integration who is able to give a lucid critique of some aspects of it. The book is readable and relevant, while at the same time setting the standard for research in this area. I can heartily recommend it to specialists and the general reader alike.

Paul Masson, International Monetary Fund

Barry Eichengreen has done more than any other economist to help us understand the workings, opportunities, and risks of European monetary union. Anyone already interested in EMU will have read some of the papers on which this book is based—and will want to read the rest. Anyone newly interested in EMU should start at the beginning and not stop. Other economists have collected their papers on EMU, but this is the best by far.

Peter B. Kenen, Princeton University

Barry Eichengreen has over the past decade raised the standard of thedebate on Europe's monetary unification in a number of articles collectedin this volume. He combines the skills of an econometrician with theaccurate analysis and critical judgement of political decision process byan economic historian. By using the US experience of its currency union asa benchmark he has put challenging questions to European policy makers.

Niels Thygesen, University of Copenhagen

Paul Masson

Barry Eichengreen stands out among American economists as being a supporter of European monetary integration who is able to give a lucid critique of some aspects of it. The book is readable and relevant, while at the same time setting the standard for research in this area. I can heartily recommend it to specialists and the general reader alike.

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