Open for ENS -students and Master's students from other programmes.
Recommended: Economics of European integration
The aim of the course is to deepen the students’ understanding of the European economic integration by providing an advanced understanding of the benefits and costs of a being in a monetary union. In particular they will study the European Monetary Union, its developments and future challenges.
Not offered every year, teaching period defined in the annual teaching plan.
The course focuses on the causes and consequences of the accelerating development of the European economy from the monetary and financial perspectives. It will particularly look at the various shocks that have created and disrupted it through time. Starting from the nineteenth century, the course moves on until today’s sovereign debt crisis. Topics of study include the credibility theory of the EMS, the EU’s 1992 initiative, the Maastricht Convergence Criteria and the Stability and Growth Pact, the European System of Central Banks and the Theory of Optimum Currency areas among others.
De Grauwe, Paul (2014), Economics of Monetary Union. 9th edition. Oxford University Press: UK.
Baldwin, R. and C. Wyplosz (2015). The Economics of European Integration, 4th edition. McGraw Hill: UK.
Contact teaching. In exceptional cases, alternative methods of completion may be agreed upon with the academic coordinator of the programme.