Peter B. Kenen is Senior Fellow in International Economics at the Council on Foreign Relations and Walker Professor of Economics and Finance, Emeritus, at Princeton University. Professor Kenen's publications include The International Economy (2000, Cambridge University Press), Economic and Monetary Union in Europe (1995, Cambridge University Press), The International Financial Architecture, and International Economic and Financial Integration. He was a member of President Kennedy's Task Force on Foreign Economic Policy and the Economic Advisory Panel of the Federal Reserve Bank of New York. Professor Kenen has served as consultant to the Council of Economic Advisers, the Office of Management and Budget, the Federal Reserve, the US Treasury, and the International Monetary Fund.
1. Introduction
2. The forms, costs, and benefits of currency consolidation
3. The European Monetary Union
4. Monetary arrangements and economic performance
5. Monetary union in the Americas?
6. Monetary integration in East Asia
7. The outlook and implications for the United States.
