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The Economics of the Euro Area: Macroeconomic Policy and Institutions

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This book examines the monetary integration of the group of countries which constitute the Economic and Monetary Union (EMU), signalling the emergence of a truly European economy. The authors devote their considerable expertise to the analysis of macroeconomic policies within EMU and the economic analysis underlying the conduct of these policies.

The authors first analyse the development of the euro area from a historical perspective. They then examine the criteria for the first eleven count...