Europe and the Euro
  1. English
  2. PDF
  3. Available on iOS & Android
eBook - PDF

About this book

It is rare for countries to give up their currencies and thus their ability to influence such critical aspects of their economies as interest and exchange rates. Yet ten years ago a number of European countries did exactly that when they adopted the euro. Despite some dissent, there were a number of arguments in favor of this policy change: it would facilitate exchange of goods, money, and people by decreasing costs; it would increase trade; and it would enhance efficiency and competitiveness at the international level.
A decade is an ideal time frame over which to evaluate the success of the euro and whether it has lived up to expectations. To that aim, Europe and the Euro looks at a number of important issues, including the effects of the euro on reform of goods and labor markets; its influence on business cycles and trade among members; and whether the single currency has induced convergence or divergence in the economic performance of member countries. While adoption of the euro may not have met the expectations of its most optimistic proponents, the benefits have been many, and there is reason to believe that the euro is robust enough to survive recent economic shocks. This volume is an essential reference on the first ten years of the euro and the workings of a monetary union.

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Yes, you can access Europe and the Euro by Alberto Alesina, Francesco Giavazzi, Alberto Alesina,Francesco Giavazzi in PDF and/or ePUB format, as well as other popular books in Business & Business General. We have over one million books available in our catalogue for you to explore.

Information

Table of contents

  1. Contents
  2. Acknowledgments
  3. Introduction
  4. 1. The Breakup of the Euro Area
  5. 2. The Euro and Structural Reforms
  6. 3. The Euro and Firm Restructuring
  7. 4. Business Cycles in the Euro Area
  8. 5. The Estimated Trade Effects of the Euro: Why Are They Below Those from Historical Monetary Unions among Smaller Countries?
  9. 6. A New Metric for Banking Integration in Europe
  10. 7. Why the European Securities Market Is Not Fully Integrated
  11. 8. The Euro and Fiscal Policy
  12. 9. How Central Bankers See It: The First Decade of European Central Bank Policy and Beyond
  13. 10. Reevaluating Swedish Membership in the European Monetary Union: Evidence from an Estimated Model
  14. 11. Euro Membership as a U.K. Monetary Policy Option: Results from a Structural Model
  15. Contributors
  16. Author Index
  17. Subject Index