George M.Von Furstenberg / Volbert Alexander / Jacques Melitz (eds.)Effects on Trade, Financial Development, and Stability
Monetary Unions and Hard Pegs
Effects on Trade, Financial Development, and Stability
Herausgeber: Alexander, Volbert; Furstenberg, George M von; Mélitz, Jacques
George M.Von Furstenberg / Volbert Alexander / Jacques Melitz (eds.)Effects on Trade, Financial Development, and Stability
Monetary Unions and Hard Pegs
Effects on Trade, Financial Development, and Stability
Herausgeber: Alexander, Volbert; Furstenberg, George M von; Mélitz, Jacques
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This book analyzes formal approaches to overcoming monetary divisions within countries and within integrating regions, focusing on the consequences of monetary union for trade among union members and their financial development and stability. The authors discuss hard pegs such as those attempted by the currency board of Argentina, outright dollarization, such as in Ecuador, and multilateral monetary union, as in Europe, the least reversible form of monetary union and the most powerful elixir of financial integration and trade.
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This book analyzes formal approaches to overcoming monetary divisions within countries and within integrating regions, focusing on the consequences of monetary union for trade among union members and their financial development and stability. The authors discuss hard pegs such as those attempted by the currency board of Argentina, outright dollarization, such as in Ecuador, and multilateral monetary union, as in Europe, the least reversible form of monetary union and the most powerful elixir of financial integration and trade.
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Hinweis: Dieser Artikel kann nur an eine deutsche Lieferadresse ausgeliefert werden.
Produktdetails
- Produktdetails
- Verlag: Oxford University Press, USA
- Seitenzahl: 400
- Erscheinungstermin: 3. Juni 2004
- Englisch
- Abmessung: 234mm x 156mm x 22mm
- Gewicht: 735g
- ISBN-13: 9780199271405
- ISBN-10: 0199271402
- Artikelnr.: 22220944
- Herstellerkennzeichnung
- Libri GmbH
- Europaallee 1
- 36244 Bad Hersfeld
- gpsr@libri.de
- Verlag: Oxford University Press, USA
- Seitenzahl: 400
- Erscheinungstermin: 3. Juni 2004
- Englisch
- Abmessung: 234mm x 156mm x 22mm
- Gewicht: 735g
- ISBN-13: 9780199271405
- ISBN-10: 0199271402
- Artikelnr.: 22220944
- Herstellerkennzeichnung
- Libri GmbH
- Europaallee 1
- 36244 Bad Hersfeld
- gpsr@libri.de
Volbert Alexander is Professor of Money and Banking at the Economics Department of the University of Giessen (Germany). Prior to his appointment in 1986 he was Professor of Economics at the Universities of Trier and Siegen (Germany). From 1997 to 1999 he served as a Chief Economist and Director of Research at Hypobank in Munich. He is co-founder of a "priority" program, Monetary Macroeconomics, financed by the German Research Foundation. His main fields of interest and his current research are focused on European financial integration, monetary policy issues and problems of short-term reactions in financial markets. Jacques Mélitz is currently Professor of Economics at the University of Strathclyde. Previously, he worked for many years at the Centre de Recherche en Économie et Statistique (CREST), with which he is still affiliated, and was Professor of Economics at the Institut d'Études Politiques in Paris. Since 1983, he has held visiting positions at Harvard and Princeton Universities, has consulted for the OECD, the European Commission, the Federal Reserve, the International Monetary Fund, the Bank of Italy and the Swedish Commission of Monetary Union. He has also been a research fellow of the CEPR since 1986. For the last couple of decades, his research has centered on international macroeconomics, most particularly European issues connected with the European Monetary System and European Monetary Union. George M. von Furstenberg for many years a titled Professor of Economics at Indiana University, is the inaugural holder of the Robert Bendheim Chair in Economic and Financial Policy at Fordham University. Work at the IMF (Division Chief in the Research Department, 1978-83) and at U.S. government agencies such as the President's Council of Economic Advisers (Senior Economist, 1973-76) and the Department of State (1989-90), alternated with his academic pursuits. His latest book projects have dealt with Regulation and Supervision of Financial Institutions in the NAFTA Countries and Learning from the World's Best Central Bankers. He joined the G8 Research Group in 1999 and in 2000 was president of the North American Economics and Finance Association focusing on integration processes in the Western Hemisphere.
* Preface * 1: Volbert Alexander
Jacques Mélitz
and George M. von Furstenberg: Editorial Introduction * Part I: Current and Past Concepts of Monetary Union * 2: Dominick Salvatore
Fordham University
New York: Euroization
Dollarization and the International Monetary System * 3: Ignazio Angeloni
European Central Bank
Frankfurt: Unilateral and Multilateral Currency Unions: Thoughts from an EMU Perspective * 4: Gerald P. Dwyer
Jr.
Federal Reserve Bank of Atlanta and James R. Lothian
Fordham University
New York: International Money and Common Currencies in Historical Perspective * Part II: Trade and Price Effects of Monetary Union * 5: Jacques Mélitz
University of Strathclyde
Glasgow
UK: Geography
Trade and Currency Union * 6: Volker Nitsch
Bankgesellschaft Berlin: Comparing Apples and Oranges: The Effect of Multilateral Currency Unions on Trade * 7: Andrew K. Rose
University of California
Berkeley: The Effect of Common Currencies on International Trade: a Meta-Analysis * 8: Alberto E. Isgut
Wesleyan University
Middletown CT: Common Currencies and Market Integration Across Cities: How Strong is the Link?Common Currencies and Market Integration Across Cities: How Strong is the Link? * Part III: Monetary Integration In Latin America * 9: Eduardo Fernández-Arias
Ugo Panizza
and Ernesto Stein
Inter-American Development Bank
Washington
DC: Trade Agreements
Exchange Rate Disagreements * 10: Guillermo A. Calvo
Alejandro Izquierdo
and Ernesto Talvi
Inter-American Development Bank: Sudden Stops
the Real Exchange Rate and Fiscal Sustainability: Argentina's Lessons * 11: Augusto de la Torre
World Bank
Eduardo Levy Yeyati
UTDT (Argentina)
and Sergio L. Schmuckler
World Bank: Living and Dying with Hard Pegs: The Rise and Fall of Argentina's Currency Board * 12: Guillermo Perry and Luis Servén
World Bank: Anatomy of a Multiple Crisis: Why Was Argentina Special and What Have We Learned from It? * Part IV: Common Monies
Political Interests
and Infrastructure * 13: Benjamin J. Cohen
University of California
Santa Barbara: America's Interest in Dollarization * 14: Edgar L. Feige
University of Wisconsin
Madison and James W. Dean
Simon Fraser University
Vancouver: Dollarization and Euroization in Transition Countries: Currency Substitution
Asset Substitution
Network Externalities and Irreversibility * 15: Cláudia Costa Storti
Banco de Portugal and Paul De Grauwe
University of Leuven and CEPR: Electronic Money and The Optimal Size Of Monetary Unions * 16: Hans Genberg
Graduate Institute of International Studies in Geneva
Switzerland: Currency Substitution in Anticipation of EU Accession * 17: Charles M. Kahn
University of Illinois
Urbana-Champaign and João A. C. Santos
Federal Reserve Bank of New York: Allocating Lending of Last Resort and Supervision in the Euro Area * Index
Jacques Mélitz
and George M. von Furstenberg: Editorial Introduction * Part I: Current and Past Concepts of Monetary Union * 2: Dominick Salvatore
Fordham University
New York: Euroization
Dollarization and the International Monetary System * 3: Ignazio Angeloni
European Central Bank
Frankfurt: Unilateral and Multilateral Currency Unions: Thoughts from an EMU Perspective * 4: Gerald P. Dwyer
Jr.
Federal Reserve Bank of Atlanta and James R. Lothian
Fordham University
New York: International Money and Common Currencies in Historical Perspective * Part II: Trade and Price Effects of Monetary Union * 5: Jacques Mélitz
University of Strathclyde
Glasgow
UK: Geography
Trade and Currency Union * 6: Volker Nitsch
Bankgesellschaft Berlin: Comparing Apples and Oranges: The Effect of Multilateral Currency Unions on Trade * 7: Andrew K. Rose
University of California
Berkeley: The Effect of Common Currencies on International Trade: a Meta-Analysis * 8: Alberto E. Isgut
Wesleyan University
Middletown CT: Common Currencies and Market Integration Across Cities: How Strong is the Link?Common Currencies and Market Integration Across Cities: How Strong is the Link? * Part III: Monetary Integration In Latin America * 9: Eduardo Fernández-Arias
Ugo Panizza
and Ernesto Stein
Inter-American Development Bank
Washington
DC: Trade Agreements
Exchange Rate Disagreements * 10: Guillermo A. Calvo
Alejandro Izquierdo
and Ernesto Talvi
Inter-American Development Bank: Sudden Stops
the Real Exchange Rate and Fiscal Sustainability: Argentina's Lessons * 11: Augusto de la Torre
World Bank
Eduardo Levy Yeyati
UTDT (Argentina)
and Sergio L. Schmuckler
World Bank: Living and Dying with Hard Pegs: The Rise and Fall of Argentina's Currency Board * 12: Guillermo Perry and Luis Servén
World Bank: Anatomy of a Multiple Crisis: Why Was Argentina Special and What Have We Learned from It? * Part IV: Common Monies
Political Interests
and Infrastructure * 13: Benjamin J. Cohen
University of California
Santa Barbara: America's Interest in Dollarization * 14: Edgar L. Feige
University of Wisconsin
Madison and James W. Dean
Simon Fraser University
Vancouver: Dollarization and Euroization in Transition Countries: Currency Substitution
Asset Substitution
Network Externalities and Irreversibility * 15: Cláudia Costa Storti
Banco de Portugal and Paul De Grauwe
University of Leuven and CEPR: Electronic Money and The Optimal Size Of Monetary Unions * 16: Hans Genberg
Graduate Institute of International Studies in Geneva
Switzerland: Currency Substitution in Anticipation of EU Accession * 17: Charles M. Kahn
University of Illinois
Urbana-Champaign and João A. C. Santos
Federal Reserve Bank of New York: Allocating Lending of Last Resort and Supervision in the Euro Area * Index
* Preface * 1: Volbert Alexander
Jacques Mélitz
and George M. von Furstenberg: Editorial Introduction * Part I: Current and Past Concepts of Monetary Union * 2: Dominick Salvatore
Fordham University
New York: Euroization
Dollarization and the International Monetary System * 3: Ignazio Angeloni
European Central Bank
Frankfurt: Unilateral and Multilateral Currency Unions: Thoughts from an EMU Perspective * 4: Gerald P. Dwyer
Jr.
Federal Reserve Bank of Atlanta and James R. Lothian
Fordham University
New York: International Money and Common Currencies in Historical Perspective * Part II: Trade and Price Effects of Monetary Union * 5: Jacques Mélitz
University of Strathclyde
Glasgow
UK: Geography
Trade and Currency Union * 6: Volker Nitsch
Bankgesellschaft Berlin: Comparing Apples and Oranges: The Effect of Multilateral Currency Unions on Trade * 7: Andrew K. Rose
University of California
Berkeley: The Effect of Common Currencies on International Trade: a Meta-Analysis * 8: Alberto E. Isgut
Wesleyan University
Middletown CT: Common Currencies and Market Integration Across Cities: How Strong is the Link?Common Currencies and Market Integration Across Cities: How Strong is the Link? * Part III: Monetary Integration In Latin America * 9: Eduardo Fernández-Arias
Ugo Panizza
and Ernesto Stein
Inter-American Development Bank
Washington
DC: Trade Agreements
Exchange Rate Disagreements * 10: Guillermo A. Calvo
Alejandro Izquierdo
and Ernesto Talvi
Inter-American Development Bank: Sudden Stops
the Real Exchange Rate and Fiscal Sustainability: Argentina's Lessons * 11: Augusto de la Torre
World Bank
Eduardo Levy Yeyati
UTDT (Argentina)
and Sergio L. Schmuckler
World Bank: Living and Dying with Hard Pegs: The Rise and Fall of Argentina's Currency Board * 12: Guillermo Perry and Luis Servén
World Bank: Anatomy of a Multiple Crisis: Why Was Argentina Special and What Have We Learned from It? * Part IV: Common Monies
Political Interests
and Infrastructure * 13: Benjamin J. Cohen
University of California
Santa Barbara: America's Interest in Dollarization * 14: Edgar L. Feige
University of Wisconsin
Madison and James W. Dean
Simon Fraser University
Vancouver: Dollarization and Euroization in Transition Countries: Currency Substitution
Asset Substitution
Network Externalities and Irreversibility * 15: Cláudia Costa Storti
Banco de Portugal and Paul De Grauwe
University of Leuven and CEPR: Electronic Money and The Optimal Size Of Monetary Unions * 16: Hans Genberg
Graduate Institute of International Studies in Geneva
Switzerland: Currency Substitution in Anticipation of EU Accession * 17: Charles M. Kahn
University of Illinois
Urbana-Champaign and João A. C. Santos
Federal Reserve Bank of New York: Allocating Lending of Last Resort and Supervision in the Euro Area * Index
Jacques Mélitz
and George M. von Furstenberg: Editorial Introduction * Part I: Current and Past Concepts of Monetary Union * 2: Dominick Salvatore
Fordham University
New York: Euroization
Dollarization and the International Monetary System * 3: Ignazio Angeloni
European Central Bank
Frankfurt: Unilateral and Multilateral Currency Unions: Thoughts from an EMU Perspective * 4: Gerald P. Dwyer
Jr.
Federal Reserve Bank of Atlanta and James R. Lothian
Fordham University
New York: International Money and Common Currencies in Historical Perspective * Part II: Trade and Price Effects of Monetary Union * 5: Jacques Mélitz
University of Strathclyde
Glasgow
UK: Geography
Trade and Currency Union * 6: Volker Nitsch
Bankgesellschaft Berlin: Comparing Apples and Oranges: The Effect of Multilateral Currency Unions on Trade * 7: Andrew K. Rose
University of California
Berkeley: The Effect of Common Currencies on International Trade: a Meta-Analysis * 8: Alberto E. Isgut
Wesleyan University
Middletown CT: Common Currencies and Market Integration Across Cities: How Strong is the Link?Common Currencies and Market Integration Across Cities: How Strong is the Link? * Part III: Monetary Integration In Latin America * 9: Eduardo Fernández-Arias
Ugo Panizza
and Ernesto Stein
Inter-American Development Bank
Washington
DC: Trade Agreements
Exchange Rate Disagreements * 10: Guillermo A. Calvo
Alejandro Izquierdo
and Ernesto Talvi
Inter-American Development Bank: Sudden Stops
the Real Exchange Rate and Fiscal Sustainability: Argentina's Lessons * 11: Augusto de la Torre
World Bank
Eduardo Levy Yeyati
UTDT (Argentina)
and Sergio L. Schmuckler
World Bank: Living and Dying with Hard Pegs: The Rise and Fall of Argentina's Currency Board * 12: Guillermo Perry and Luis Servén
World Bank: Anatomy of a Multiple Crisis: Why Was Argentina Special and What Have We Learned from It? * Part IV: Common Monies
Political Interests
and Infrastructure * 13: Benjamin J. Cohen
University of California
Santa Barbara: America's Interest in Dollarization * 14: Edgar L. Feige
University of Wisconsin
Madison and James W. Dean
Simon Fraser University
Vancouver: Dollarization and Euroization in Transition Countries: Currency Substitution
Asset Substitution
Network Externalities and Irreversibility * 15: Cláudia Costa Storti
Banco de Portugal and Paul De Grauwe
University of Leuven and CEPR: Electronic Money and The Optimal Size Of Monetary Unions * 16: Hans Genberg
Graduate Institute of International Studies in Geneva
Switzerland: Currency Substitution in Anticipation of EU Accession * 17: Charles M. Kahn
University of Illinois
Urbana-Champaign and João A. C. Santos
Federal Reserve Bank of New York: Allocating Lending of Last Resort and Supervision in the Euro Area * Index