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Title Currency unions / edited by Alberto Alesina and Robert J. Barro
Published Stanford, Calif. : Hoover Institution Press, Stanford University, [2001]
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Description 1 online resource (xxi, 86 pages) : illustrations
Series Hoover Institution Press publication ; number 496
Hoover Institution Press publication ; 496
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. MiAaHDL
digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL
Print version record
Subject International Monetary Fund -- Congresses.
Currency question -- Congresses.
Debts, External -- Congresses.
Financial crises -- Congresses.
International finance -- Congresses.
International trade -- Congresses.
Monetary policy -- International cooperation -- Congresses.
Monetary unions -- Congresses.
Genre/Form Conference papers and proceedings.
Conference papers and proceedings.
Form Electronic book
Author Alesina, Alberto.
Barro, Robert J.
ISBN 0817928464 (electronic bk.)
0817928480 (electronic bk.)
9780817928469 (electronic bk.)
9780817928483 (electronic bk.)