Prospects for Monetary Unions after the Euro - Couverture rigide

Couverture rigide

ISBN 10 : 0262042304 ISBN 13 : 9780262042307

Editeur : The MIT Press, 2005

Synopsis

Empirical and theoretical studies on such questions as the desirability and optimal functioning of monetary unions, the enlargement of the eurozone, and the institution of monetary unions in Latin America and East Asia.

The process of monetary integration in Europe began amid widespread skepticism among economists about the project. But today the success of the euro has prompted a reconsideration of whether monetary unions should be implemented elsewhere. This CESifo volume assesses contemporary theoretical and empirical work on optimal currency areas, considering such questions as the expansion of the eurozone, the institution of monetary unions in Latin America and East Asia, and the effect of monetary unions on the working of the "real economy."

The first chapters consider the issues surrounding the enlargement of the eurozone, discussing, among other topics, its effect on labor market reforms, the empirical validity of the "endogeneity of the optimum currency criteria" hypothesis, and the integration process of Central European countries into the eurozone. Other chapters consider such topics as the effect of monetary unions on trade flows, risk-sharing mechanisms to protect against asymmetric shocks, dollarization in Latin America, and the potential for a monetary union of China, Japan, and South Korea based on a common business cycle and high correlation of their output behavior. These studies add significantly to our knowledge of the economics of monetary integration.

A propos du livre

À propos de l'auteur

Paul De Grauwe is Professor of Economics at the Catholic University of Leuven, the author of The Economics of Monetary Union, and the editor of three previous books in the CESifo Seminar series.

Jacques Mélitz is Professor in the Department of Economics at the University of Strathclyde in Glasgow and Research Associate at CREST-INSEE in Paris.

Détails de l'édition

• Éditeur: The MIT Press
• Date d'édition: 2005
• Langue: anglais
• ISBN 10: 0262042304
• ISBN 13: 9780262042307
• Reliure: Relié
• Nombre de pages: 370
• Éditeur: De Grauwe Paul, Melitz Jacques
• Coordonnées du fabricant: non disponible
• Personne responsable: Buchpark GmbH; gpsr@buchpark.de; ; Krügerweg 1; Trebbin; Brandenburg; 14959; Allemagne