The Economics of Monetary Unions : Past Experiences and the Eurozone (Hardcover)

List of tables List of contributors List of abbreviations Preface (by the editors) Chapter 1: Introduction (by the editors). Part I: Lessons from previous currency and monetary unions Chapter 2: ‘The gold standard, the Latin Monetary Union and the Euro standard’. Guillaume Bazot, Eric Monnet and Matthias Morys. Chapter 3: ‘A measurement of asymmetry in the running of the classical gold standard’. Juan Castaneda, Simeng He and Alessandro Roselli. Part 2: Financing imbalances in a single monetary area. An assessment of Target2. Chapter 4: ‘Payment systems in a multinational currency union ? Is a reform of TARGET2 necessary? Uwe Schollmeyer. Chapter 5: ‘The credit mechanics of monetary unions. A review of the Eurosystem’. Frank Decker. Part 3: When may monetary unions fail? Chapter 6: ‘The Economics of the European Monetary Integration: Pros and Cons of Being a Euro Country’. Donato Masciandaro and Davide Romelli. Chapter 7: ‘An optimality index of the single currency: internal asymmetries within the Eurozone since 1999’. Juan Castaneda and Pedro Schwartz. Part 4: Preserving unions. The Euro zone Chapter 8: ‘Public Support for the Euro and Trust in the ECB. The first two decades of the common currency’. Felix Roth and Lars Jonung. Chapter 9: ‘Debt restructuring for the Eurozone’. Dimitrios Tsomocos and Xuan Wang. Chapter 10: ‘The proposals in favour of a fiscal union and Eurobonds’. ‘Are fiscal transfers inevitable in a monetary union?’ Lorenzo Codogno and Paul van den Noord Part 5: The Euro zone: not just a monetary union? Chapter 11: ‘Has the Euro-system become a transfer union by stealth?: some organizational challenges facing a multi-government monetary union in the managed currency era’. Tim Congdon Chapter 12: ‘Proposals for Reforming the Eurozone: A Critique’. Roland Vaubel Index