---

This book explores the background of the eurozone crisis, outlining a number of potential solutions. It attempts to discover if the problems could have been anticipated, and examines how well have the fiscal EMU rules been adhered to and how appropriate they are.

---

1. The Eurozone as a Flawed Currency Area PART I: THE ECONOMICS OF MONETARY INTEGRATION 2. The Development of Microfoundations of Macroeconomics 3. Contemporary Macroeconomic Thought and its Discontents 4. Theoretical Considerations of a Single Currency PART II: CONTEMPORARY ECONOMIC POLICYMAKING 5. Rules and Institutions in International Monetary Systems 6. Fiscal Policy Within the Eurozone 7. Monetary Policy Within the Eurozone 8. Economic Policymaking Within the Eurozone PART III: SOLUTIONS TO THE EUROZONE CRISIS 9. Moral Persuasion, Financial Relief and Debt Default 10. Fiscal Federalism 11. European Clearing Union 12. The Collapse of the Eurozone: Disaster or Liberation? 13. From the Eurozone to National Economic Self-governance

---

Mark Baimbridge is Senior Lecturer in Economics, Division of Economics, School of Social and International Studies, University of Bradford, UK.

Philip Whyman is Professor of Economics, Lancashire Institute for Economic Business Research (LIEBR), Lancashire Business School, University of Central Lancashire, UK.

---