The Economics of Common Currencies 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 The Economics of Common Currencies PDF full book. Access full book title The Economics of Common Currencies by Harry G. Johnson. Download full books in PDF and EPUB format.
Author: Harry G. Johnson
Publisher: Routledge
ISBN: 1135055254
Category : Business & Economics
Languages : en
Pages : 267
Get Book Here
Book Description
Gathering together the papers presented at the Madrid Conference on Optimum Currency Areas in 1970 this volume represents one of the first complete surveys of the theory and policy implication of monetary integration. The book discusses: the economics of fixed exchange rates relevant to monetary relations within an integrated monetary area the evolution of economic doctrine and a survey of optimum currency area theory problems of policy co-ordination within a currency area relevance of the monetary-fiscal policy mix problems of monetary union in developing countries the book predicted the establishment of an European currency but presented the case for greater flexibility of exchange rates as an alternative to currency unification.
Author: Harry G. Johnson
Publisher: Routledge
ISBN: 1135055254
Category : Business & Economics
Languages : en
Pages : 267
Get Book Here
Book Description
Gathering together the papers presented at the Madrid Conference on Optimum Currency Areas in 1970 this volume represents one of the first complete surveys of the theory and policy implication of monetary integration. The book discusses: the economics of fixed exchange rates relevant to monetary relations within an integrated monetary area the evolution of economic doctrine and a survey of optimum currency area theory problems of policy co-ordination within a currency area relevance of the monetary-fiscal policy mix problems of monetary union in developing countries the book predicted the establishment of an European currency but presented the case for greater flexibility of exchange rates as an alternative to currency unification.
Author: Eswar Prasad
Publisher: Brookings Institution Press
ISBN: 0815738544
Category : Business & Economics
Languages : en
Pages : 203
Get Book Here
Book Description
" Assessing the potential benefits and risks of a currency union Leaders of the fifteen-member Economic Community of West African States (ECOWAS) have set a goal of achieving a monetary and currency union by late 2020. Although some progress has been made toward achieving this ambitious goal, major challenges remain if the region is to realize the necessary macroeconomic convergence and establish the required institutional framework in a relatively short period of time. The proposed union offers many potential benefits, especially for countries with historically high inflation rates and weak central banks. But, as implementation of the euro over the past two decades has shown, folding multiple currencies, representing disparate economies, into a common union comes with significant costs, along with operational challenges and transitional risks. All these potential negatives must be considered carefully by ECOWAS leaders seeking tomeet a self-imposed deadline. This book, by two leading experts on economics and Africa, makes a significant analytical contribution to the debates now under way about how ECOWAS could achieve and manage its currency union, andthe ramifications for the African continent. "
Author: Giovanni Moro
Publisher: A&C Black
ISBN: 1623560950
Category : Political Science
Languages : en
Pages : 273
Get Book Here
Book Description
Established in 2002, the Euro is now the currency of 17 countries used by over 335 million people daily. Although the single currency is much discussed in terms of macroeconomics and global finances, policymakers rarely address its impact on European citizenship in social, cultural, political, and everyday life economics terms. This hidden side of the single currency is the focus of the essays, which use various approaches, from economic history and political sociology to citizenship and legitimacy, to reveal the connections between the Euro and European citizenship. This timely contribution by renowned experts provides a greater understanding of the Euro at a time when it is not clear whether it should be celebrated or commemorated, and looks into aspects of the single currency that are the base of the social trust that supports it and that is at stake in the present crisis. It will be an essential tool to anyone studying the political, social, and economic development of the E.U.
Author: John Pinder
Publisher: Oxford University Press, USA
ISBN: 0199681694
Category : Business & Economics
Languages : en
Pages : 209
Get Book Here
Book Description
John Pinder and Simon Usherwood explain the EU in plain readable English. They show how and why it has developed, how the institutions work, and what it does - from the single market to the euro, and from agriculture to the environment.
Author: Worth Books
Publisher: Open Road Media
ISBN: 1504043405
Category : Study Aids
Languages : en
Pages : 38
Get Book Here
Book Description
So much to read, so little time? This brief overview of The Euro tells you what you need to know—before or after you read Joseph E. Stiglitz’s book. Crafted and edited with care, Worth Books set the standard for quality and give you the tools you need to be a well-informed reader. This short summary and analysis of The Euro by Joseph E. Stiglitz includes: Historical context Chapter-by-chapter summaries Profiles of the main characters Important quotes Fascinating trivia Glossary of terms Supporting material to enhance your understanding of the original work About The Euro by Joseph E. Stiglitz: In The Euro, Columbia Business School professor and Nobel Prize–winning economist author Joseph E. Stiglitz argues that the fundamental cause of the Eurozone’s recent economic difficulties was the creation of a single currency without the institutions to support it. The euro bound 19 countries with very different economies—and very different views about economics—together, but it did not include the institutions or rules to make such a union succeed. The results of this union are clear: although the United States has experienced growth since the financial crisis, Europe is stagnant and Eurozone unemployment remains over 10%. New York Times bestselling author Joseph Stiglitz outlines three possible ways forward: fundamental reforms to the current system, an end to the single currency experiment, or a new system entirely. The Euro is required reading for all citizens of today’s globalized world. The summary and analysis in this ebook are intended to complement your reading experience and bring you closer to a great work of nonfiction.
Author: Joseph E. Stiglitz
Publisher: W. W. Norton & Company
ISBN: 0393254038
Category : Business & Economics
Languages : en
Pages : 545
Get Book Here
Book Description
The Nobel Prize–winning economist and best-selling author explains why saving Europe may mean abandoning the euro. When Nobel Prize–winning economist Joseph E. Stiglitz posed this question in the original edition of The Euro, he lent much-needed clarity to a global debate that continues to this day. The euro was supposed to unify Europe and promote prosperity; in fact, it has done just the opposite. To save the European project, the euro may have to be abandoned. Since 2010, many of the 19 countries of Europe that share the euro currency—the eurozone—have been rocked by debt crises and mired in lasting stagnation, and the divergence between stronger and weaker economies has accelerated. In The Euro, Joseph E. Stiglitz explains precisely why the eurozone has performed so poorly, so different from the expectations at its launch: at the core of the failure is the structure of the eurozone itself, the rules by which it is governed. Stiglitz reveals three potential paths forward: drastic structural reforms, not of the individual countries, but of the eurozone; a well-managed dissolution of the euro; or a bold new system dubbed the “flexible euro.” With trenchant analysis—and brand new material on Brexit—The Euro is urgent and timely reading.
Author: Francesco Giavazzi
Publisher: Cambridge University Press
ISBN: 9780521389051
Category : Business & Economics
Languages : en
Pages : 452
Get Book Here
Book Description
Recoge: 1. The international environment - 2. Disinflation, external adjustment and cooperation - 3. Exchange rates, capital mobility and monetary coordination - 4. The future og the European monetary system.
Author: Morrison Bonpasse
Publisher:
ISBN: 9780977842605
Category : International finance
Languages : en
Pages : 408
Get Book Here
Book Description
This 2014 Edition of THE SINGLE GLOBAL CURRENCY - COMMON CENTS FOR THE WORLD is the fifth book of this name, and it updates the text of the original 2006 edition. The 2007, 2008 and 2009 editions included the original edition together with an annual update appendix. Future editions are planned in five year increments for 2019 and 2024, the latter date being the 80th anniversary of the 1944 Bretton Woods Conference. The book is for all readers around the world, as every human being in our increasingly globalized world has an interest in achieving the goal of a Single Global Currency. What the people of the world want and deserve is stable money, so that the money they earn, save and invest today will be worth almost the same tomorrow. The Single Global Currency will provide that stability. It is the common cents/sense currency for our increasingly globalized world. The current multicurrency global monetary system is volatile and extremely risky as $5.3 trillion worth of currencies are traded every trading day on the global foreign exchange markets. Currencies crises are a continuing threat. Avoiding the effects and risks of currency fluctuations and rapid flows of cross-currency capital were the primary goals of the International Monetary Fund at its 1945 creation, and the Single Global Currency will solve both problems. The Single Global Currency will be managed by a Global Central Bank within a Global Monetary Union. Since 1999, the primary model for this "3-G" system has been the euro which is managed by the European Central Bank within the European Monetary Union. Beginning with 12 member countries, the eurozone now has 18 members and continues to grow toward its full potential of all the members of the growing European Union, which now number 28. Creation of a Single Global Currency is not a new idea or goal, but is now feasible thanks to automation and the increasing interdependence of the world's peoples. The potential benefits of a Single Global Currency are staggering: - Worldwide asset values will increase by about $10 trillion. - Worldwide GDP will increase by $trillions. - Global trade will increase by $trillions. - Annual FX trading transaction costs of $300 billion will be avoided. - Global currency/payments imbalances will be eliminated. - Currency crises will be eliminated. - Currency speculation will be eliminated. - The need for unproductive foreign exchange reserves will be eliminated. Currently, the 193 members of the United Nations use 140 currencies for their international and domestic transactions. The 50+ members without their own national currencies are using the currencies of monetary unions of which they are members, or they are using ("izing") the currencies of other countries or monetary unions. As existing monetary unions in Europe, the Caribbean and Africa are expanded, and as new monetary unions are created in Africa, the Americas, Asia and the Mid-East, the number of currencies will continue to decline. At some "tipping point," perhaps after a merger of large currencies, the largest monetary union currency will likely be designated as the world's Single Global Currency. This process can be accelerated when individuals, nations and global institutions openly declare their support for a Single Global Currency and they initiate the necessary steps toward that goal. Such steps will include a global internet-based naming process for the new currency and a timeline for implementation. There is little question that the world is moving toward a Single Global Currency. The remaining question is When? The global challenge will be to achieve the Single Global Currency with a smooth transition from the existing multicurrency system. It is hoped that this book, and the work of the Single Global Currency Association (www.singleglobalcurrency.org) will help move the world in that direction.
Author: Ms.Anne Marie Gulde
Publisher: International Monetary Fund
ISBN: 1589066758
Category : Business & Economics
Languages : en
Pages : 411
Get Book Here
Book Description
About one-third of countries covered by the IMF's African Department are members of the CFA franc zone. With most other countries moving away from fixed exchange rates, the issue of an adequate policy framework to ensure the sustainability of the CFA franc zone is clearly of interest to policymakers and academics. However, little academic research exists in the public domain. This book aims to fill this void by bringing together work undertaken in the context of intensified regional surveillance and highlighting the current challenges and the main policy requirements if the arrangements are to be carried forward. The book is based on empirical research by a broad group of IMF economists, with contributions from several outside experts.
Author: Gabriele Tacke
Publisher: diplom.de
ISBN: 3832413502
Category : Business & Economics
Languages : en
Pages : 78
Get Book Here
Book Description
Inhaltsangabe:Abstract: "One Market - One Money." On paper the future of European Monetary Integration never looked more promising than now: ·The Maastricht Treaty has finally been ratified by all twelve member governments in mid October 1993, even the most sceptical states Denmark and the U.K., so that the aim of European Monetary Union (E.M.U.) rests on a solid legal basis now. ·On January 1, 1994 the European Monetary Institute (E.M.I.) began its operations with a goal of intensifying monetary coordination in Europe.} In addition, the E.M.I. will prepare the conceptual groundwork for the activities of the future European Central Bank (E.C.B.). ·The " Road to a common Europe" has been opened and monetary policy roadsigns point in the direction of European Monetary Union with a single currency. In reality, the prospects of the achievement of E.M.U. have deteriorated in the course of 1993 and under present conditions the likelihood of a failure of the Maastricht Treaty is quite high. The European currency crises in September 1993 led to realignments within the European Monetary System (E.M.S.) and fluctuation margins were widened to +/- 15 per cent. These events and a breakdown of cooperation between national monetary authorities have raised doubts about the feasibility of the timetable for moving towards full monetary union. This thesis provides an overview of the progress towards a monetary union, including a common currency, in the European Community (E.C.). In addition, it examines whether the approach to monetary union remains viable and if so, the circumstances under which monetary union will eventually happen. Inhaltsverzeichnis:Table of Contents: AcknowledgementsIV AbbreviationsV List of Tables and FiguresVI PART I 1.Introduction1 2.Developments and Purposes to European Honetary Union 4 2.1Definition of a Monetary Union4 2.1.1Background to the current Initiative on European Monetary Union5 2.1.2Why European Monetary Union now?8 2.2Characteristics and Objectives of European Monetary Union10 2.2.1A Single Currency10 2.2.2Free Movement of Capital11 2.2.3Coordination of Macroeconomic Policies12 PART II 3. The Institutional Framework and Transition to a Common Currency12 3.1The Maastricht Treaty - A "Three Stage Approach"12 3.1.1Stage One13 3.1.2Stage Two 13 3.1.2.1Introduction of the European Monetary Institute14 3.1.2.2Characteristics and Tasks of the European Monetary Institute15 3.1.2.3Frankfurt - Home of the [...]
