Book Review: Political Economy of Monetary Union

BOOK REVIEW - The book, edited by Paul De Grauwe, provides a collection of key texts on the theory of monetary unions and optimal currency areas.

The Political Economy of Monetary Union, edited by Paul De Grauwe

Edward Elgar Publishing, 2001 (www.e-elgar.com)

This collection of articles details the evolution of the theory of optimal currency areas from Robert Mundell's original groundbreaking work in 1961 "A Threory of Optimum Currency Areas". The extensions and refinements of the theory by Ronald

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