The Economic and Monetary Union (EMU) in which some members of the European Union have joined, has prompted much discussion of monetary union. Most of this discussion has focused on the immediate issues, such as prospects for the Euro and the possibility of expanding the Euro-zone. This book stands back and considers the relevant theory or what lessons might be drawn from other unions that have been formed in the past as well as looking at EMU directly.
Table of Contents
1. Introduction 2. Theoretical Issues Pertaining to Monetary Unions 3. The Future of EMU: What Does the History of Monetary Unions Tell Us? 4. How Long Did It Take the United States to Become an Optimal Currency Area? 5. The Economics of Cacania, 1867-1914 6. The Future of the Euro: A Public Choice Perspective
Forrest Capie (City University of London, UK) (Edited by) , Geoffrey E Wood (University of Buckingham, UK) (Edited by)