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Recent global events are addressed in this new edition and coverage of the credit crisis and its implications for the Eurozone has been added. Other changes include further discussion of the world's other monetary unions and more analysis of the increasing role of the Euro as an international currency. The regularity with which this text is updated ensures that it is topical and current which is of great importance to those studying the Economics of Monetary Unions. Online Resource Centre For lecturers: Instructor manual PowerPoint slides For students: Data (new) Questions (new) Links to articles and papers (new)","brand":"WoB","offers":[{"title":"GB \/ VERY_GOOD \/ INTERNAL","offer_id":49577392472337,"sku":"GOR004930769","price":0.0,"currency_code":"GBP","in_stock":false},{"title":"GB \/ GOOD \/ INTERNAL","offer_id":50662804979985,"sku":"GOR005474729","price":0.0,"currency_code":"GBP","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/0199563233.jpg?v=1750844022"},{"product_id":"economics-of-monetary-integration-book-paul-de-grauwe-9780198775492","title":"The Economics of Monetary Integration","description":"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 the costs and benefits of monetary union and the current possibilities of moving towards a single currency.","brand":"WoB","offers":[{"title":"GB \/ VERY_GOOD \/ INTERNAL","offer_id":49594790936849,"sku":"GOR010787542","price":0.0,"currency_code":"GBP","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/0198775490.jpg?v=1750812108"},{"product_id":"economics-of-monetary-union-book-paul-de-grauwe-9780199297801","title":"Economics of Monetary Union","description":"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 implications of joining a monetary union through discussion based on an economic cost-benefit analysis. The second part of the book looks at the reality of monetary unions by analysing Europe's experiences, such as how the European Central Bank was designed to conduct a single monetary policy. The seventh edition has been revised to include more discussion of monetary unions outside Europe and, to reflect this fast-moving area, updated coverage of new member states in transition and an updated discussion of the stability pact. Online Resource Centre An online resource centre, featuring supplements for lecturers including PowerPoint slides and an instructor manual, has been updated for this edition.","brand":"WoB","offers":[{"title":"GB \/ VERY_GOOD \/ INTERNAL","offer_id":49598819827985,"sku":"GOR003345651","price":0.0,"currency_code":"GBP","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/0199297800.jpg?v=1750779769"},{"product_id":"economics-of-monetary-integration-book-paul-de-grauwe-9780198776321","title":"The Economics of Monetary Integration","description":"With the launch of the Euro, Europe's monetary landscape has changed fundamentally. The fourth edition of this textbook on monetary integration has been significantly rewritten to take account of these changes. New issues include: monetary policies in Euroland in the presence of asymmetric shocks; the mechanics of open market operations in Euroland; the question of wether the Eurosystem is too decentralized; the Target Payments system; problems of bank supervision and control in Euroland; the future of the euro in the international financial system; whether the euro will be a strong currency; and financial and banking integration in Euroland. This edition has been produced in a larger format, with clear figures and tables with relevant international data. Chapter conclusions provide a clear summary of each topic under discussion. Paul De Grauwe's balanced analysis continues to provide a clear account of all the crucial issues surrounding monetary union for undergraduate students of monetary economics and European studies.","brand":"WoB","offers":[{"title":"GB \/ VERY_GOOD \/ INTERNAL","offer_id":49612004065553,"sku":"GOR001574478","price":0.0,"currency_code":"GBP","in_stock":false},{"title":"US \/ GOOD \/ SBYB","offer_id":50038734225681,"sku":"CIN0198776322G","price":0.0,"currency_code":"GBP","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/0198776322.jpg?v=1751195542"},{"product_id":"exchange-rate-in-a-behavioral-finance-framework-book-paul-de-grauwe-9780691121635","title":"The Exchange Rate in a Behavioral Finance Framework","description":"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 strategy in an uncertain world, the authors contend. It creates a rich dynamic in the foreign exchange markets and can generate bubbles and crashes. Sensitivity to initial conditions is a pervasive force in De Grauwe and Grimaldi's model. It explains why large exchange-rate changes and volatility clustering occur. It also has important implications for understanding how the news affects the exchange rate. De Grauwe and Grimaldi conclude that news in fundamentals has an unpredictable effect on the exchange rate. Sometimes, they maintain, it alters the exchange rate considerably; at other times it has no effectwhatsoever. The authors also use their model to analyze the effects of official interventions in the foreign exchange market. They show that simple intervention rules of the \"leaning-against-the-wind\" variety can be effective in eliminating bubbles and crashes in the exchange rate. They further demonstrate how, quite paradoxically, by intervening in the foreign exchange market the central bank makes the market look more efficient. Clear and comprehensive, The Exchange Rate in a Behavioral Finance Framework is a must-have for analysts in foreign exchange markets as well as students of international finance and economics.","brand":"WoB","offers":[{"title":"GB \/ VERY_GOOD \/ INTERNAL","offer_id":49628951544081,"sku":"GOR003698978","price":0.0,"currency_code":"GBP","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/069112163X.jpg?v=1750743893"},{"product_id":"economics-of-monetary-integration-book-paul-de-grauwe-9780198774228","title":"The Economics of Monetary Integration","description":"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 has also presented theoretical arguments which have arisen since the first edition was written. Professor De Grauwe focuses on the economic theory of monetary unions, and analyzes the operation of systems in which national monetary authorities retain their individual currencies but agree to fix their exchange rates. The author examines whether there is a good economic case for countries to have separate currencies, and the economic costs and benefits of moving to a single currency. He provides a summary of the working of this system in Europe, until the events of 1992-3, and offers a critical analysis of the possibility of transition to a full monetary system.","brand":"WoB","offers":[{"title":"GB \/ VERY_GOOD \/ INTERNAL","offer_id":49630230741265,"sku":"GOR005301942","price":0.0,"currency_code":"GBP","in_stock":true},{"title":"GB \/ GOOD \/ INTERNAL","offer_id":50098596675857,"sku":"GOR004782666","price":0.0,"currency_code":"GBP","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/0198774222.jpg?v=1750780797"},{"product_id":"limits-of-the-market-book-paul-de-grauwe-9780198850366","title":"The Limits of the Market","description":"The old discussion of 'Market or State' is obsolete. There will always have to be a mix of market and state. The only relevant question is what that mix should look like. How far do we have to let the market go its own way in order to create as much welfare as possible for everyone? What is the responsibility of the government in creating welfare? These are difficult questions. But they are also interesting questions and Paul De Grauwe analyses them in this book.   The desired mix of market and state is anything but easy to bring about. It is a difficult and sometimes destructive process that is constantly in motion. There are periods in history in which the market gains in importance. During other periods the opposite occurs and government is more dominant. The turning points in this pendulum swing typically seem to coincide with disruptive events that test the limits of market and state. Why we experience this dynamic is an important theme in the book.  Will the market, which today is afforded a greater and greater role due to globalization, run up against its limits? Or do the financial crisis and growing income inequality show that we have already reached those limits? Do we have to brace ourselves for a rejection of the capitalist system? 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