Playing monopoly with the devil : dollarization and domestic currencies in developing countries /

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Why should a developing country surrender its power to create money by adopting an international currency as its own? This book explores the currency problems that developing countries face and offers practical advice for policymakers on how to deal with them.

Bibliographic Details
Call Number:Libro Electrónico
Main Author: Hinds, Manuel (Author)
Format: Electronic eBook
Language:Inglés
Published: New Haven : Yale University Press, ©2006.
Subjects:
Money > Developing countries.
Currency question > Developing countries.
Monetary policy > Developing countries.
BUSINESS & ECONOMICS > Money & Monetary Policy.
HISTORY > General.
Currency question
Monetary policy
Money
Geldpolitik
Wechselkurspolitik
Developing countries
Entwicklungsländer
Online Access:Texto completo
Table of Contents:
  • The standard of value and the reversed liquidity trap
  • The unfulfilled promises in the financial system
  • The unfulfilled promises in trade and growth
  • The costs of stability
  • Missing financial globalization
  • The financial risks of monetary regimes
  • The currency origins of financial crises
  • The myth of the lender of last resort
  • The solution of crises and the aftermath
  • The counterfactuals
  • The conventional optimal currency area theory
  • Toward a redefinition of an optimal currency area.

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