Towards North American Monetary Union

Author : Eric Helleiner
Publisher : McGill-Queen's Press - MQUP
ISBN 13 : 0773575693
Total Pages : 348 pages
Book Rating : 4.91/5 ( download)

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Download or read book Towards North American Monetary Union? written by Eric Helleiner and published by McGill-Queen's Press - MQUP. This book was released on 2014-05-14 with total page 348 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Eric Helleiner provides a detailed exploration of the politics underlying Canada's recent debate over the merits of monetary union with the United States. Comparing the US Federal Reserve and the European Monetary Union, he argues that Canada would exercise far less influence within a North American monetary union than individual countries do within the European community. He also analyses the seemingly paradoxical support of Quebec sovereignists for free trade and monetary union." --Résumé de l'éditeur.

Author : Rosmy Jean Louis
Publisher : Library and Archives Canada = Bibliothèque et Archives Canada
ISBN 13 :
Total Pages : 316 pages
Book Rating : 4.34/5 ( download)

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Download or read book Three Essays on North American Monetary Union written by Rosmy Jean Louis and published by Library and Archives Canada = Bibliothèque et Archives Canada. This book was released on 2004 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Thomas J. Courchene
Publisher :
ISBN 13 : 9780888064592
Total Pages : 0 pages
Book Rating : 4.94/5 ( download)

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Download or read book From Fixing to Monetary Union written by Thomas J. Courchene and published by . This book was released on 1999 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The purpose of this commentary is to examine the following propositions: that a floating exchange rate is not serving Canada well within the progressively integrated North American Free Trade Agreement environment; that there are arguments for greater fixity in exchange rates; and that the longer-term objective of greater exchange rate fixity should be a common North American currency. The commentary also looks at some of the alternative approaches along the continuum from floating rates to monetary union, including pegged rates, fixed rates, currency boards, and dollarization.

Author : Mr.Tamim Bayoumi
Publisher : International Monetary Fund
ISBN 13 : 1451843801
Total Pages : 54 pages
Book Rating : 4.04/5 ( download)

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Download or read book Monetary and Exchange Rate Arrangements for Nafta written by Mr.Tamim Bayoumi and published by International Monetary Fund. This book was released on 1993-03-01 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper considers the extent to which the North American Free Trade Area (NAFTA) meets the criteria for a common currency area. NAFTA is compared with the EC, a regional grouping for which initial plans for a monetary union are already in place. Most of the anticipated benefits from a monetary union in the EC apply with equal force to NAFTA. However, because the underlying disturbances are more diverse across members of NAFTA, the costs of abandoning the exchange rate instrument are likely to be higher. This is particularly true when NAFTA is compared to the EC’s continental core.

Author : Amy Verdun
Publisher : Nova Publishers
ISBN 13 : 9781600210716
Total Pages : 294 pages
Book Rating : 4.16/5 ( download)

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Download or read book Britain and Canada and Their Large Neighboring Monetary Unions written by Amy Verdun and published by Nova Publishers. This book was released on 2006 with total page 294 pages. Available in PDF, EPUB and Kindle. Book excerpt: Britain is confronted with the EU and its Economic and Monetary Union or the 'eurozone' an area of 12 EU Member States in which the Euro is the single currency. At a time in which the discussion revolves around the future of national currencies, this work looks at the question of monetary integration for the cases of Britain and Canada.

Author : Matias Vernengo
Publisher : Edward Elgar Publishing
ISBN 13 : 1847200257
Total Pages : 319 pages
Book Rating : 4.59/5 ( download)

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Download or read book Monetary Integration and Dollarization written by Matias Vernengo and published by Edward Elgar Publishing. This book was released on 2006-01-01 with total page 319 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book brings together an impressive and diverse group of authors to discuss its central theme: whether or not the dollarized international monetary system is sustainable in the context of the global economy it helped create. In addition to its uniquely well-rounded and comprehensive coverage of the issues, this lively and highly readable volume provides an accurate assessment of the lack of consensus in the current debate. A must read for anyone interested in currency crises and the increasing vulnerability of the dollar. Jane D Arista, Director of Progams, Financial Markets Center, US 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. The contributors in this volume try to go beyond the OCA model and understand the political economy of monetary integration by comparing the European Monetary Union with the dollarization (formal and informal) process in Latin America. The contributors, many of whom are leading lights, reflect the disagreements and the changing views on the proper monetary arrangements in a globalized world and suggest that monetary integration and dollarization are not the solution for the great majority of countries around the world. Monetary Integration and Dollarization brings together mainstream and heterodox views of monetary integration and uses the European and North American experiences as a guide for the discussion of dollarization in developing countries. It will appeal to scholars, researchers and policy makers in the fields of financial and international economics.

Author : Louis-Phillipe Rochon
Publisher : Routledge
ISBN 13 : 1134426062
Total Pages : 193 pages
Book Rating : 4.65/5 ( download)

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Download or read book Dollarization written by Louis-Phillipe Rochon and published by Routledge. This book was released on 2003-05-22 with total page 193 pages. Available in PDF, EPUB and Kindle. Book excerpt: The international array of contributors have managed quite a feat - an interesting book that expertly draws comparisons between dollarization and Euroland. This study is a must for anyone interesting in the world of international finance.

Author : William Bertie Provost Robson
Publisher :
ISBN 13 :
Total Pages : 40 pages
Book Rating : 4.51/5 ( download)

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Download or read book No Small Change written by William Bertie Provost Robson and published by . This book was released on 2002 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: This commentary first describes the current monetary order in Canada (a central bank, floating exchange rate, domestic inflation target, & institutional accountability). It then examines various options proposed by critics of this order, such as a pegged US/Canadian dollar exchange rate, a currency union, and unilateral adoption of the US dollar. The advantages & drawbacks of each are compared to the current order. Areas where US co-operation affects the attractiveness of an option are identified and the likelihood of such co-operation is evaluated.

Author : Peter B. Kenen
Publisher :
ISBN 13 : 9781139134330
Total Pages : 230 pages
Book Rating : 4.37/5 ( download)

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Download or read book Regional Monetary Integration written by Peter B. Kenen and published by . This book was released on 2008 with total page 230 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book surveys the prospects for regional monetary integration in various parts of the world. Beginning with a brief review of the theory of optimal currency areas, it goes on to examine the structure and functioning of the European Monetary Union, then turns to the prospects for monetary integration elsewhere in the world - North America, South America, and East Asia. Such cooperation may take the form of full-fledged monetary unions or looser forms of monetary cooperation. The book emphasizes the economic and institutional requirements for successful monetary integration, including the need for a single central bank in the case of a full-fledged monetary union, and the corresponding need for multinational institutions to safeguard its independence and assure its accountability. The book concludes with a chapter on the implications of monetary integration for the United States and the US dollar.

Author : Michael Carlberg
Publisher : Springer Science & Business Media
ISBN 13 : 9783540420453
Total Pages : 276 pages
Book Rating : 4.52/5 ( download)

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Download or read book An Economic Analysis of Monetary Union written by Michael Carlberg and published by Springer Science & Business Media. This book was released on 2001-05-22 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores the new economics of monetary union. It carefully discusses the effects of shocks and policies on output and prices. Shocks and policies are country-specific or common. They occur on the demand or supply side. Countries can differ in behavioural functions. Wages can be fixed, flexible, or slow. In addition, fixed wages and flexible wages can coexist. Take for instance fixed wages in Germany and flexible wages in France. Or take fixed wages in Europe and flexible wages in America. A special feature of this book is the numerical estimation of shock and policy multipliers. Further topics are inflation and disinflation. Take for instance inflation in Germany and price stability in France. Then what policy is needed for disinflation in the union? And what will be the dynamic effects on Germany and France?