In the first part, the reader learns about monetary issues, like definitions and typology of monetary unions, rationale of monetary unions, monetary policy, monetary institutional matters.
Hubert Kempf is full professor at l’ École normale supérieure Paris-Saclay (France) and scientific advisor at the NRU Higher School of Economics, Moscow (Russia). He is a CESifo fellow. Kempf is a former member of the Institut Universitaire de France and a former President of the French Economic Association. He is the author of several books and has published extensively in scientific reviews.
Monetary Issues: Monetary Unions: Between International Trade and National Sovereignty.- Why a Monetary Union?- Monetary Policy in a Monetary Union: Lessons from Simple Models.- Institutions and Monetary Policy.- Fiscal Issues: Government Deficits, Transfers and Debt.- Fiscal Policies in a Monetary Union.- The Policy Mix.- Toward an Ever Closer Union: Structural Adjustments and Reforms.- Fiscal Union.- Banking Union.- The Fate of a Monetary Union.- General Conclusion.