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Record Nr. |
UNINA9910958453503321 |
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Autore |
Hinds Manuel |
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Titolo |
Playing monopoly with the devil : dollarization and domestic currencies in developing countries / / Manuel Hinds |
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Pubbl/distr/stampa |
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New Haven, : Yale University Press, c2006 |
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ISBN |
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9786611730543 |
9781281730541 |
1281730548 |
9780300129779 |
0300129777 |
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Edizione |
[1st ed.] |
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Descrizione fisica |
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1 online resource (1 online resource (xxxix, 255 p.) ) : ill |
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Disciplina |
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Soggetti |
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Money - Developing countries |
Currency question - Developing countries |
Monetary policy - Developing countries |
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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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"A Council on Foreign Relations book." |
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Nota di bibliografia |
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Includes bibliographical references (p. 245-248) and index. |
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Nota di contenuto |
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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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Sommario/riassunto |
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Why should a developing country surrender its power to create money by adopting an international currency as its own? This comprehensive book explores the currency problems that developing countries face and offers sound, practical advice for policy makers on how to deal with them. Manuel Hinds, who has extensive experience in real-world economic policy making, challenges the myths that surround domestic currencies and shows the clear rationality for dollarization or the use of a standard international currency.The book opens with an entertaining story of the Devil, who, through a series of common macroeconomic |
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