The Political Economy of Monetary Union is a book written by Jeffry Frieden, a prominent economist known for his research in the field of international political economy and monetary union. The book, first published in 1991, provides a comprehensive and detailed analysis of the political economy of monetary union and its implications for economic policy and analysis.
The book begins by introducing the basic concepts of monetary union, such as currency integration, exchange rate regimes, and monetary policy. It then goes on to cover a range of topics in the political economy of monetary union, including the historical evolution of monetary union, the role of institutions in shaping monetary outcomes, and the current challenges facing monetary union in the contemporary world.
One of the key contributions of the book is Frieden's examination of the political economy of monetary union and the ways in which it has been shaped by economic, political, and social factors. He provides a detailed analysis of the institutional and policy framework of monetary union and its impact on economic growth and development.
The book also examines the implications of monetary union for economic policy and analysis, particularly for the design of institutions and regulations. Frieden provides a balanced and objective analysis of the benefits and costs of different policy options, and he encourages the reader to consider the trade-offs involved in policy decisions.
The Political Economy of Monetary Union is considered a comprehensive and influential analysis of the political economy of monetary union and its implications for economic policy and analysis. It is widely used as a textbook in university courses and it is considered a valuable resource for students, scholars, and anyone interested in understanding the political economy of monetary union and its historical evolution.
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