Monetary Integration And Dollarization: No Panacea - Hardcover

 
9781843768968: Monetary Integration And Dollarization: No Panacea
Hardcover
ISBN 10: 1843768968 ISBN 13: 9781843768968
Verlag: Edward Elgar Publishing Ltd, 2006

Inhaltsangabe

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.

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Über die Autorin bzw. den Autor

Edited by Matías Vernengo, Full Professor, Bucknell University, US

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Verlag
Edward Elgar Publishing Ltd
Erscheinungsdatum
2006
Sprache
Englisch
ISBN 10 
1843768968
ISBN 13 
9781843768968
Einband
Gebundene Ausgabe
Anzahl der Seiten
298
Herausgeber
Vernengo Matias
Kontakt zum Hersteller
Nicht verfügbar
Verantwortliche Person
Buchbär
info@buchbaer.de

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