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

1 IntroductionJuan E. Castaneda, Alessandro Roselli and Geoffrey E. WoodPART 1 Lessons from previous currency and monetary unions 2 The flexibility of the classical gold standard (1870s?1914): any lessons for the eurozone? Guillaume Bazot, Eric Monnet and Matthias Morys 3 A measurement of asymmetry in the running of the classical gold standard Juan E. Castaneda, Alessandro Roselli and Simeng HePART 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? Uwe Schollmeyer5 The credit mechanics of monetary unions: a review of the eurosystem Frank DeckerPART 3 When may monetary unions fail? 6 Pros and cons of being a euro country: a behavioral political economy perspective Donato Masciandaro and Davide Romelli 7 An optimality index of the single currency: internal asymmetries within the eurozone since 1999 Juan E. Castaneda and Pedro SchwartzPART 4 Preserving unions: the eurozone 8 Public support for the euro and trust in the ECB: the first two decades of the common currency Felix Roth and Lars Jonung 9 Debt restructuring for the eurozone Dimitrios P. Tsomocos and Xuan Wang10 The rationale for a safe asset and fiscal capacity for the eurozone Lorenzo Codogno and Paul Van Den NoordPART 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 Tim Congdon12 Proposals for reforming the eurozone: a critique Roland vaubel