| Description |
1 online resource (xxi, 86 pages) : illustrations |
| Series |
Hoover Institution Press publication ; number 496 |
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Hoover Institution Press publication ; 496.
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| Contents |
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 |
| 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 |
| Notes |
Based on a conference held at the Hoover Institution in May 2000. The present volume includes non-technical summaries of these papers |
| Bibliography |
Includes bibliographical references and index |
| Notes |
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL |
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digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL |
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Print version record |
| Subject |
International Monetary Fund -- Congresses
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| SUBJECT |
International Monetary Fund fast |
| Subject |
Monetary unions -- Congresses
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Monetary policy -- International cooperation -- Congresses
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Currency question -- Congresses
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Debts, External -- Congresses
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Financial crises -- Congresses
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International trade -- Congresses
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International finance -- Congresses
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Monetary policy.
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Debts, External.
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International trade.
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BUSINESS & ECONOMICS -- Finance.
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BUSINESS & ECONOMICS -- Money & Monetary Policy.
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Monetary policy
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Currency question
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Debts, External
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Financial crises
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International finance
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International trade
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Monetary policy -- International cooperation
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Monetary unions
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Währungsunion
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Internationale Finanzpolitik
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Kongress
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| Genre/Form |
Conference papers and proceedings
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| Form |
Electronic book
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| Author |
Alesina, Alberto
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|
Barro, Robert J
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| ISBN |
9780817928483 |
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0817928480 |
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9780817928469 |
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0817928464 |
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0817928421 |
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9780817928421 |
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