| Title: | Currency unions |
| Authors: | Alberto Alesina, Publisher ; Robert J. Barro, Publisher |
| Publisher: | Stanford : Hoover institution press, 2001 |
| Series: | Hoover Institution Press publication, num. 496 |
| ISBN (or other code): | 978-0-8179-2842-1 |
| Size: | 1 vol. (XXI-86 p.) / ill. / 23 cm |
| General note: | "Based on a conference held at the Hoover Institution in may 2000" |
| Languages: | English |
| Descriptors: |
[Eurovoc] FINANCE > monetary economics > monetary policy [Eurovoc] FINANCE > monetary relations > monetary relations > monetary union [Eurovoc] TRADE > trade policy |
| Tags: | International Monetary Fund ; Monetary policy ; International cooperation ; Currency question ; Debts, External ; Financial crises ; International trade ; International finance |
| Abstract: | 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. |
Copies (1)
| Barcode | Call number | Media type | Location | Section | Status |
|---|---|---|---|---|---|
| 001141 | FB 465 | Livre | Centre de documentation du CERDI / Ecole d'Economie | Salle de lecture | Available |
