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Economics of Monetary Union
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Paul De Grauwe
The seventh edition of 'Economics of Monetary Union' provides a concise analysis of the theories and policies relating to monetary union. De Grauwe analyses the costs and benefits associated with having one currency as well as the practical workings and current issues involved with the Euro. In the first part of the book the author considers the ...
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Economics of Monetary Union
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Paul Grauwe, Paul De Grauwe
The market leader and the main specialist book in this area, De Grauwe has built on the success of the previous edition and thoroughly revised and updated this new edition of 'Economics of Monetary Union'. The text gives clear and concise coverage of all the key issues relating to monetary union and will fit with both undergraduate and ...
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International Money: Postwar Trends and Theories
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Paul De Grauwe, Paul De Grauwe
The period since the Second World war has been an eventful and often disturbing one in the international monetary field. Economic theories have been propounded and modified both to explain these events and to influence future choices made by economic actors. This history of international monetary relations shows both how theoretical development ...
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Prospects for Monetary Unions After the Euro
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Paul De Grauwe (Editor), Jacques Melitz (Editor)
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, ...
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Exchange Rate Economics: Where Do We Stand?
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Paul De Grauwe (Editor)
Recent theoretical developments in exchange rate economics have led to important new insights into the functioning of the foreign exchange market. The simple models of the 1970s, which could not withstand empirical evaluation, have been succeeded by more complex models that draw on theoretical work in such areas as the microstructure of financial ...
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Economics of Monetary Integration
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Paul De Grauwe
This textbook on monetary integration, now in its third edition, has been fully revised and updated to take account of the recent important economic and political changes in the EMS, including new empirical evidence and coverage of further theoretical developments. Focusing on the economic theory of monetary union, Professor De Grauwe evaluates ...
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The Exchange Rate in a Behavioral Finance Framework
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Paul De Grauwe, Marianna Grimaldi
This book provides an alternative view of the workings of foreign exchange markets. The authors' modeling approach is based on the idea that agents use simple forecasting rules and switch to those rules that have been shown to be the most profitable in the past. This selection mechanism is based on trial and error and is probably the best possible ...
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The Economics of Monetary Integration
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Paul De Grauwe, Paul De Grauwe
This textbook on monetary integration has been fully revised and updated to provide analysis of the costs and benefits of monetary union in Europe. The author has rewritten and expanded the chapters on the rise and fall of the European Monetary System, and the text and empirical evidence cover the whole of the important events of 1993. The author ...
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Inclusion of Central European Countries in the European Monetary Union
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Paul De Grauwe (Editor), Vladimir Lavrac (Editor)
The creation of the EMU and the introduction of the Euro is a historic event for the EU countries. The debates on the desirability of the EMU provoked a vast economic literature dealing with the theory of the optimum currency area, costs and benefits of the EMU, symmetric versus asymmetric shocks, alternative mechanisms of adjustment in a monetary ...
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International Money: Post-War Trends and Theories
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Paul De Grauwe, Paul De Grauwe
The period since the end of World War II has been an eventful and often disturbing one in the international monetary field. Alongside the proliferation of events and their repercussions, economic theories have been propounded and modified both to explain these events and to influence future choices made by economic actors. This history of ...
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Inflation and Wage Behaviour in Europe
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by
Micossi Tullio de Grauwe, Paul De Grauwe (Editor), Guiseppe Tullio (Editor)
The Maastricht Treaty makes the convergence of inflation rates one of the preconditions of European Monetary Union (EMU). The purpose of this study is to shed light on the mechanism underlying the processes that lead to convergence or divergence in national inflation rates. It examines inflation and wage behaviour in the European Monetary System ...
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Choosing an Exchange Rate Regime: The Challenge for Smaller Industrial Countries
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Victor Argy (Editor), Paul de Grauwe (Editor)
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The European monetary system in the 1990s
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Paul De Grauwe
A compilation of papers given at a conference in Greece in 1989 which discussed the problems on the road towards European monetary unification. Topics covered include managing exchange markets in the EMS with free capital, and the institutional developments of the EMS.
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Macroeconomic Theory for the Open Economy
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Paul De Grauwe
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The Political Economy of Monetary Union
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Paul De Grauwe
A collection of articles covering different areas in the field of the political economy of monetary union. It contains both the classical articles which have laid the foundations for the theory of optimum currency and the resulting empirical literature.
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Real-Exchange-Rate Variability from 1920 to 1926 and 1973 to 1982
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Paul De Grauwe, Hilde Leliaert, Marc Janssens
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The ECU and European monetary integration
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by
Paul de Grauwe, Theo Peeters
The creation of the ECU in 1979 as part of the newly established European Monetary system was greeted with widespread scepticism. Few predicted the success it would have in private financial markets seeing it as an official reserve currency in Europe which would gradually replace the dollar and act as a vehicle for European policy making. This ...
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Exchange Rate Theory
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Paul De Grauwe
"Exchange Rate Theory" presents a novel theory to explain the excessive variability of foreign exchange rate returns. The theory is novel in the sense that it focusses on interaction between market agents as the primary source of the variability in those speculative prices. It is shown that simple interactions between market participants using ...
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International Money: Post-War Trends and Theories
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de Grauwe, Paul De Grauwe, Paul De Grauwe
The period since the end of World War II has been an eventful and often disturbing one in the international monetary field. Economic theories have been propounded and modified both to explain events and to influence future choices made by economists. This examination of economic trends outlines the relationship between events and theories. The ...
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Economics of Monetary Integration
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de Grauwe, Paul de Grauwe, Paul De Grauwe
This expositive textbook on monetary integration looks at the economic costs and benefits of such a union in Europe. The author examines such topical issues as whether there is a good economic case for countries to have separate currencies, and whether a nation increases its welfare when it abolishes its national currency and adopts a currency of ...
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Exchange Rates, Money, and Output: The European Experience
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Paul De Grauwe
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Exchange rates in multicountry econometric models
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by
Paul de Grauwe, Theo Peeters
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Monetary Interdependence and International Monetary Reform: A European Case Study
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Paul De Grauwe, Paul De Grauwe
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Economia Dell'Unione Monetaria
by
Paul De Grauwe
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