Monetary integration and dollarization no panacea
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 b...
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| Format: | eBook |
| Language: | English |
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Cheltenham, U.K
Edward Elgar
2005
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| Collection: | Edward Elgar eBook Archive - Collection details see MPG.ReNa |
| Summary: | 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 pt. 1. European monetary union -- pt. 2. Dollarization in North America? -- pt. 3. Emerging markets and the financial architecture -- pt. 4. Final reflections |
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| Physical Description: | xix, 298 p ill |
| ISBN: | 9781843768968 1843768968 9781847200259 |