The Economics of Monetary Unions: Past Experiences and the Eurozone

ISBN-13: 9780367347864 / Angielski / Twarda / 2020 / 250 str.

Juan E. Castaneda; Alessandro Roselli; Geoffrey E. Wood

Opis

In this book, a historical analysis of the precedents of the euro is examined within the context of the current issues affecting the Eurozone and the long-term effects of the institutional changes implemented since 2010.

Spis treści

1 Introduction PART 1 Lessons from previous currency and monetary unions 2 The flexibility of the classical gold standard (1870s–1914): any lessons for the eurozone? 3 A measurement of asymmetry in the running of the classical gold standard PART 2 Financing imbalances in a single monetary area: an assessment of TARGET2 4 Payment systems in a multinational currency union – is a reform of TARGET2 necessary? 5 The credit mechanics of monetary unions: a review of the eurosystem PART 3 When may monetary unions fail? 6 Pros and cons of being a euro country: a behavioral political economy perspective 7 An optimality index of the single currency: internal asymmetries within the eurozone since 1999 PART 4 Preserving unions: the eurozone 8 Public support for the euro and trust in the ECB: the first two decades of the common currency 9 Debt restructuring for the eurozone 10 The rationale for a safe asset and fiscal capacity for the eurozone PART 5 The eurozone: not just a monetary union? 11 Can the euro succeed without European political union? The organizational challenges facing a multi-government monetary union in the "managed currency" era 12 Proposals for reforming the eurozone: a critique