Monetary Integration And Dollarization: No Panacea - Rilegato

Rilegato

ISBN 10: 1843768968 ISBN 13: 9781843768968

Casa editrice: Edward Elgar Pub, 2006

Riassunto

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.

Su questo libro

Informazioni sull'autore

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

Dettagli dell'edizione

• Editore: Edward Elgar Pub
• Data di pubblicazione: 2006
• Lingua: Inglese
• ISBN 10: 1843768968
• ISBN 13: 9781843768968
• Rilegatura: Copertina rigida
• Numero di pagine: 298
• Redattore: Vernengo Matias
• Contatto del produttore: non disponibile
• Persona responsabile: non disponibile