03786nam 2200673 450 991082096880332120230607225428.00-8179-2848-0(CKB)2550000001166891(EBL)1569200(MiAaPQ)EBC1569200(Au-PeEL)EBL1569200(CaPaEBR)ebr10816488(CaONFJC)MIL548278(OCoLC)869091800(EXLCZ)99255000000116689120010606h20012001 uy| 0engur|n|---|||||rdacontentrdamediardacarrierCurrency unions /edited by Alberto Alesina and Robert J. BarroStanford, California :Hoover Institution Press, Stanford University,[2001]©20011 online resource (100 p.)Hoover Institution Press publication ;number 496Based on a conference held at the Hoover Institution in May 2000. The present volume includes non-technical summaries of these papers.0-8179-2842-1 1-306-17027-3 Includes bibliographical references and index.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. ReinhartChapter 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 Chang, Andres Velasco; Chapter 9: Do We Really Need a New Global Monetary Compact? - Maurice Obstfeld, Kenneth Rogoff; IndexCurrency 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 hHoover Institution Press publication ;496.Monetary unionsCongressesMonetary policyInternational cooperationCongressesCurrency questionCongressesDebts, ExternalCongressesFinancial crisesCongressesInternational tradeCongressesInternational financeCongressesMonetary unionsMonetary policyInternational cooperationCurrency questionDebts, ExternalFinancial crisesInternational tradeInternational finance332.4/566Alesina Alberto120423Barro Robert J103255MiAaPQMiAaPQMiAaPQBOOK9910820968803321Currency unions4001944UNINA