Currency unions

by Alesina, Alberto Barro, Robert J.

Type Book

Rate 0.0 /5

Details

Files

Reviews

Download

Title Statements

Full title :Currency unions / edited by Alberto Alesina and Robert J. Barro.

Summary

Currency Unions reviews the traditional case for flexible exchange rates and countercyclicalthat is, expansionary during recessions and contractionary in boomsmonetary 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 ratesand why fixed rates, particularly full dollarizationmight 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.

Edition Statements

Publication Date:©2001

Publication Statements

Publisher(s):Hoover Institution Press, Stanford University
Place of Publication:Stanford, Calif
Language:eng
Publication Date:©2001

Notes

Based on a conference held at the Hoover Institution in May 2000. The present volume includes non-technical summaries of these papers.

The Physical Object

Description:1 online resource (xxi, 86 pages) : : illustrations

Edition Identifiers

ISBN:9780817928483, 0817928480, 9780817928469, 0817928464, 0817928421, 9780817928421
oclc:ocn864900594
LC Classification:HG3894
Dewey Decimal:332.4/566

Ecuador and the international monetary fund / Stanley Fischer -- One country, one currency? / Alberto Alesina and Robert J. Barro -- Dollarization and integration / Charles Engel and Andrew K. Rose -- Reflections on dollarization / Guillermo A. Calvo and Carmen M. Reinhard -- Coping with terms of trade shocks: pegs versus floats / Christian Broda -- Monetary independence in emerging markets: the role of the exchange-rate regime / Eduardo Borensztein and Jeromin Zettelmeyer -- Dollarization of liabilities, financial fragility, and exchange-rate policy / Luis Felipe Céspedes, Roberto Chang, and Andrés Velasco -- Do we really need a new global monetary compact? / Maurice Obstfeld and Kenneth Rogoff.

Subjects

Business & Economics -- Finance BUSINESS & ECONOMICS -- Money & Monetar… Commerce international Commerce international -- Congrès Conference papers and proceedings Currency question Currency question -- Congresses Debts, External Debts, External -- Congresses Dettes extérieures Dettes extérieures -- Congrès Electronic books Financial crises Financial crises -- Congresses International finance International finance -- Congresses International Monetary Fund international trade International trade -- Congresses Internationale Finanzpolitik