Part One examines the implications of adopting a common currency by analysing Europe's experience and the issues faced by the European Central Bank. Part Two of the book looks at the problems of running a monetary union by analysing Europe's experience and the issues faced by the European Central Bank.

Each chapter ends with a conclusion recapping the core issues, and a set of questions, which encourages students to test their knowledge and stretch their understanding further.

This book is accompanied by the following online resources:

For students:
- Links to data sources
- Essay questions
- Web links
- Paul De Grauwe on Twitter

For Lecturers:
- PowerPoint slides
- Instructor's manual