Teacher
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MAGAZZINO COSIMO
(syllabus)
PART 1: ECONOMY OF THE MONETARY UNION
Costs of a common currency The theory of Optimal Currency Areas (AVO) and its criticisms Benefits of a common currency Costs and benefits compared The fragility of incomplete monetary unions How to complete a monetary union The transition to a monetary union The European Central Bank (ECB) Monetary policy in the Eurozone Budgetary policies in monetary unions The euro and the financial markets
PART 2: INSIGHTS
(reference books)
De Grauwe P., Economia dell’unione monetaria, il Mulino, 2019
A book chosen from the following list: • 1) Alesina A, Favero C., Giavazzi F., Austerità, Rizzoli, 2019 • 2) Pittaluga G.B., Cama G., Banche centrali e democrazia, Hoepli, 2004 • 3) Bini Smaghi L., Morire di austerità, il Mulino, 2013 • 4) Bini Smaghi L., 33 false verità sull’Europa, il Mulino, 2014 • 5) De Romanis V., L’austerità fa crescere, Marsilio, 2017 • 6) Cesaratto S., Chi non rispetta le regole?, Imprimatur, 2018 • 7) Stagnaro C. (a cura di), Cosa succede se usciamo dall’euro?, IBL Libri, 2018
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