From Fixing to Monetary Union PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download From Fixing to Monetary Union PDF full book. Access full book title From Fixing to Monetary Union by Thomas J. Courchene. Download full books in PDF and EPUB format.
Author: Thomas J. Courchene
Publisher:
ISBN: 9780888064592
Category : Currency question
Languages : en
Pages : 0
Get Book
Book Description
The purpose of this commentary is to examine the following propositions: that a floating exchange rate is not serving Canada well within the progressively integrated North American Free Trade Agreement environment; that there are arguments for greater fixity in exchange rates; and that the longer-term objective of greater exchange rate fixity should be a common North American currency. The commentary also looks at some of the alternative approaches along the continuum from floating rates to monetary union, including pegged rates, fixed rates, currency boards, and dollarization.
Author: Thomas J. Courchene
Publisher:
ISBN: 9780888064592
Category : Currency question
Languages : en
Pages : 0
Get Book
Book Description
The purpose of this commentary is to examine the following propositions: that a floating exchange rate is not serving Canada well within the progressively integrated North American Free Trade Agreement environment; that there are arguments for greater fixity in exchange rates; and that the longer-term objective of greater exchange rate fixity should be a common North American currency. The commentary also looks at some of the alternative approaches along the continuum from floating rates to monetary union, including pegged rates, fixed rates, currency boards, and dollarization.
Author: Stephen Pickford
Publisher: Chatham House
ISBN: 9781784130138
Category : Business & Economics
Languages : en
Pages : 56
Get Book
Book Description
The global economic and financial crisis that started in 2007 exposed serious flaws in the euro's original design. This report examines why Europe's economic and monetary union was so badly affected by the crisis, and assesses whether further changes need to be made to the structure of economic governance that underpins it. A Chatham House, Elcano and AREL Report
Author: Paul de Grauwe
Publisher: Oxford University Press, USA
ISBN:
Category : Business & Economics
Languages : en
Pages : 216
Get Book
Book Description
"This expositive textbook on monetary integration looks at the costs and benefits of monetary union in Europe. The author examines such topical issues as whether there is a good economic case for countries to have separate currencies, and whether a nation increases its welfare when it abolishes its national currency and adopts the currency of a wider area. This leads naturally to questions concerning the size of an optimal monetary area - should this include the EC, the whole of Europe, or the whole world?" "The first part of the book focuses on complete monetary unions in which a common currency is substituted for national currencies. The second part looks at incomplete monetary unions and analyzes the operation of monetary systems in which national monetary authorities maintain their national currencies but agree to fix their exchange rates. This leads to an analysis of the European Monetary System and also examines the issues relating to the transition to a full monetary system." "The book combines comprehensive exposition with discussion of recent historical events and theory and will prove invaluable to students."--BOOK JACKET.Title Summary field provided by Blackwell North America, Inc. All Rights Reserved
Author: Warner Max Corden
Publisher: Princeton, N.J. : International Finance Section, Princeton University
ISBN:
Category : Business & Economics
Languages : en
Pages : 58
Get Book
Book Description
Author: Stefano Battilossi
Publisher: Springer
ISBN: 9789811305955
Category : Business & Economics
Languages : en
Pages : 0
Get Book
Book Description
This handbook provides a comprehensive overview of state-of-the-art research in the field of monetary and financial history. The authors comprise different generations of leading scholars from universities worldwide. Thanks to its unrivaled breadth both in time (from antiquity to the present) and geographical coverage (from Europe to the Americas and Asia), the volume is set to become a key reference for historians, economists, and social scientists with an interest in the subject. The handbook reflects the existing variety of scholarly approaches in the field, from theoretically driven macroeconomic history to the political economy of monetary institutions and the historical evolution of monetary policies. Its thematic sections cover a wide range of topics, including the historical origins of money; money, coinage, and the state; trade, money markets, and international currencies; money and metals; monetary experiments; Asian monetary systems; exchange rate regimes; monetary integration; central banking and monetary policy; and aggregate price shocks.
Author: Matias Vernengo
Publisher: Edward Elgar Publishing
ISBN: 1847200257
Category : Business & Economics
Languages : en
Pages : 319
Get Book
Book Description
This book brings together an impressive and diverse group of authors to discuss its central theme: whether or not the dollarized international monetary system is sustainable in the context of the global economy it helped create. In addition to its uniquely well-rounded and comprehensive coverage of the issues, this lively and highly readable volume provides an accurate assessment of the lack of consensus in the current debate. A must read for anyone interested in currency crises and the increasing vulnerability of the dollar. Jane D Arista, Director of Progams, Financial Markets Center, US This book deals with the economic consequences of monetary integration, which has long been dominated by the Optimal Currency Area (OCA) paradigm. In this model, money is perceived as having developed from a private sector cost minimization process to facilitate transactions. Not surprisingly, the book argues, the main advantage of monetary integration in the OCA context is the reduction of transaction costs, yet the validity of OCA to analyze processes of monetary integration seems to be limited at best. The contributors in this volume try to go beyond the OCA model and understand the political economy of monetary integration by comparing the European Monetary Union with the dollarization (formal and informal) process in Latin America. The contributors, many of whom are leading lights, reflect the disagreements and the changing views on the proper monetary arrangements in a globalized world and suggest that monetary integration and dollarization are not the solution for the great majority of countries around the world. Monetary Integration and Dollarization brings together mainstream and heterodox views of monetary integration and uses the European and North American experiences as a guide for the discussion of dollarization in developing countries. It will appeal to scholars, researchers and policy makers in the fields of financial and international economics.
Author: Amy Verdun
Publisher: Nova Publishers
ISBN: 9781600210716
Category : Business & Economics
Languages : en
Pages : 294
Get Book
Book Description
Britain is confronted with the EU and its Economic and Monetary Union or the 'eurozone' an area of 12 EU Member States in which the Euro is the single currency. At a time in which the discussion revolves around the future of national currencies, this work looks at the question of monetary integration for the cases of Britain and Canada.
Author: Jay H. Levin
Publisher: South Western Educational Publishing
ISBN: 9780618215478
Category : Business & Economics
Languages : en
Pages : 100
Get Book
Book Description
In this concise and comprehensive introduction to Europe's currency, Levin explains both the historical and political background as well as the economic underpinnings of monetary integration in contemporary Europe.
Author: Jeffry A. Frieden
Publisher: Princeton University Press
ISBN: 0691173842
Category : Business & Economics
Languages : en
Pages : 316
Get Book
Book Description
The politics surrounding exchange rate policies in the global economy The exchange rate is the most important price in any economy, since it affects all other prices. Exchange rates are set, either directly or indirectly, by government policy. Exchange rates are also central to the global economy, for they profoundly influence all international economic activity. Despite the critical role of exchange rate policy, there are few definitive explanations of why governments choose the currency policies they do. Filled with in-depth cases and examples, Currency Politics presents a comprehensive analysis of the politics surrounding exchange rates. Identifying the motivations for currency policy preferences on the part of industries seeking to influence politicians, Jeffry Frieden shows how each industry's characteristics—including its exposure to currency risk and the price effects of exchange rate movements—determine those preferences. Frieden evaluates the accuracy of his theoretical arguments in a variety of historical and geographical settings: he looks at the politics of the gold standard, particularly in the United States, and he examines the political economy of European monetary integration. He also analyzes the politics of Latin American currency policy over the past forty years, and focuses on the daunting currency crises that have frequently debilitated Latin American nations, including Mexico, Argentina, and Brazil. With an ambitious mix of narrative and statistical investigation, Currency Politics clarifies the political and economic determinants of exchange rate policies.
Author: Michael Emerson
Publisher:
ISBN: 9780198773245
Category : Business & Economics
Languages : en
Pages : 356
Get Book
Book Description
The European Community is negotiating a new treaty to establish the constitutional foundations of an economic and monetary union in the course of the 1990s. This study provides the only comprehensive guide to the economic implications of economic and monetary union. The work of an economist inside the Commission of the European Community, it reflects the considerations influencing the design of the union. The study creates a unique bridge between the insights of modern economic analysis and the work of the policy makers preparing for economic and monetary union.
