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Record Nr. |
UNINA9910790753403321 |
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Titolo |
Currency unions / / edited by Alberto Alesina and Robert J. Barro |
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Pubbl/distr/stampa |
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Stanford, California : , : Hoover Institution Press, Stanford University, , [2001] |
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©2001 |
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ISBN |
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Descrizione fisica |
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1 online resource (100 p.) |
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Collana |
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Hoover Institution Press publication ; ; number 496 |
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Altri autori (Persone) |
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AlesinaAlberto |
BarroRobert J |
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Disciplina |
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Soggetti |
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Monetary unions |
Monetary policy - International cooperation |
Currency question |
Debts, External |
Financial crises |
International trade |
International finance |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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Based on a conference held at the Hoover Institution in May 2000. The present volume includes non-technical summaries of these papers. |
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Nota di bibliografia |
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Includes bibliographical references and index. |
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Nota di contenuto |
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Front Cover; Title Page; Half Title; Copyright; Contents; Acknowledgments; About the Authors; Introduction - Alberto Alesina; Chapter 1: Ecuador and the International Monetary Fund - Stanley Fischer; Chapter 2: One Country, One Currency? - Alberto Alesina, Robert J. Barro; Chapter 3: Dollarization and Integration - Charles Engel, Andrew K. Rose; Chapter 4: An Estimate of the Effect of Currency Unions on Trade and Growth - Jeffrey A. Frankel, Andrew K. Rose; Chapter 5: Reflections on Dollarization - Guillermo A. Calvo, Carmen M. Reinhart |
Chapter 6: Coping with Terms of Trade Shocks: Pegs versus Floats - Christian BrodaChapter 7: Monetary Independence in Emerging Markets: The Role of the Exchange-rate Regime - Eduardo Borensztein, Jeromin Zettelmeyer; Chapter 8: Dollarization of Liabilities, Financial Fragility, and Exchange-Rate Policy - Luis Felipe Cespedes, Roberto |
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Chang, Andres Velasco; Chapter 9: Do We Really Need a New Global Monetary Compact? - Maurice Obstfeld, Kenneth Rogoff; Index |
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Sommario/riassunto |
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Currency Unions reviews the traditional case for flexible exchange rates and ""countercyclical""-that is, expansionary during recessions and contractionary in booms-monetary 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 rates-and why fixed rates, particularly full dollarization-might 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 h |
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