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Currency unions /
Currency Unions reviews the traditional case for flexible exchange rates and countercyclicalthat is, expansionary during recessions and contractionary in boomsmonetary policy, and shows how flexible exchange rate regimes can better insulate the economy from such real disturbances as terms-of-trade s...
| Call Number: | Libro Electrónico |
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| Other Authors: | , |
| Format: | Electronic eBook |
| Language: | Inglés |
| Published: |
Stanford, Calif. :
Hoover Institution Press, Stanford University,
[2001]
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| Series: | Hoover Institution Press publication ;
496. |
| Subjects: | |
| Online Access: | Texto completo |
| Summary: | Currency Unions reviews the traditional case for flexible exchange rates and countercyclicalthat is, expansionary during recessions and contractionary in boomsmonetary policy, and shows how flexible exchange rate regimes can better insulate the economy from such real disturbances as terms-of-trade shocks. The book also looks at the pitfalls of flexible exchange ratesand why fixed rates, particularly full dollarizationmight be a more sensible choice for some emerging-market countries. The contributors also detail the factors that determine the optimal sizes of currency unions, explain how currency union greatly expands the volume of international trade among its members, and examine the recent implementation of dollarization in Ecuador. |
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| Item Description: | Based on a conference held at the Hoover Institution in May 2000. The present volume includes non-technical summaries of these papers. |
| Physical Description: | 1 online resource (xxi, 86 pages) : illustrations |
| Bibliography: | Includes bibliographical references and index. |
| ISBN: | 9780817928483 0817928480 9780817928469 0817928464 0817928421 9780817928421 |