Currency Unions reviews the traditional case for flexible exchange rates and "countercyclical"—that is, expansionary during recessions and contractionary in b

The past twenty years have seen two waves of research on currency unions, prompted by the early experience of the European Economic and Monetary Union and by th

This paper examines the sources of disturbances to output in the United States and a set of EU countries and analyzes labor market adjustment mechanisms in thes

An overview and the latest research on single currency areas in Europe, the US, and the former USSR.

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