| Currency Unions Contributor(s): Alesina, Alberto (Author), Barro, Robert J. (Author) |
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ISBN: 0817928421 ISBN-13: 9780817928421 Publisher: Hoover Institution Press OUR PRICE: $6.74 Product Type: Paperback - Other Formats Published: October 2001 Annotation: A diverse group of experts on international monetary policy examines the basic conceptual issues of currency unions and other monetary regimes, including flexible and fixed exchange rates; assesses the available empirical evidence on the performance of these alternative monetary systems; and draws policy conclusions on the desirability of currency unions for countries in various circumstances. Contributors: Alberto Alesina. Robert J. Barro, Eduardo Borensztein, Christian Broda, Guillermo A. Calvo, Felipe Cespedes, Roberto Chang, Charles Engel, Stanley Fischer, Jeffrey A. Frankel, Maurice Obstfeld, Carmen M. Reinhart, Kenneth Rogoff, Andrew Rose, Andres Velasco, Jeromin Zettelmeyer |
| Additional Information |
| BISAC Categories: - Business & Economics | Foreign Exchange - Business & Economics | Money & Monetary Policy |
| Dewey: 332.456 |
| LCCN: 2001039204 |
| Series: Judaic Studies (Paperback) |
| Physical Information: 0.3" H x 5.3" W x 11.78" (0.42 lbs) 86 pages |
| Descriptions, Reviews, Etc. |
| Publisher Description: Currency Unions reviews the traditional case for flexible exchange rates and countercyclical--that is, expansionary during recessions and contractionary in booms--monetary policy, and shows how flexible exchange rate regimes can better insulate the economy from such real disturbances as terms-of-trade shocks. The book also looks at the pitfalls of flexible exchange rates--and why fixed rates, particularly full dollarization--might be a more sensible choice for some emerging-market countries. The contributors also detail the factors that determine the optimal sizes of currency unions, explain how currency union greatly expands the volume of international trade among its members, and examine the recent implementation of dollarization in Ecuador. |
