History and analysis of European monetary integration and related economic, financial, monetary, and international political issues: an accesible guide.This history and analysis of the euro and the European Central Bank traces the process of European monetary integration from its beginnings as a...

This book deals with the economic consequences of monetary integration, which has long been dominated by the Optimal Currency Area (OCA) paradigm. In this model, money is perceived as having developed from a private sector cost minimization process to facilitate transactions. Not surprisingly,...