Policy Coordination in a Monetary Union

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The book provides an in-depth analysis of international economic policy coordination within a monetary union, emphasizing the dynamics of policy competition and cooperation among the union's central bank, Germany, and France. It explores critical questions regarding the effectiveness of these approaches in achieving full employment and price stability, while also assessing whether cooperation is more beneficial than competition. Additionally, it addresses the broader context of monetary interactions between Europe and America, offering insights into global economic relations.