LEADER 03426nam 22006494a 450 001 9910452196203321 005 20200520144314.0 010 $a1-281-73054-8 010 $a9786611730543 010 $a0-300-12977-7 024 7 $a10.12987/9780300129779 035 $a(CKB)1000000000472023 035 $a(StDuBDS)BDZ0022168095 035 $a(SSID)ssj0000222670 035 $a(PQKBManifestationID)11197836 035 $a(PQKBTitleCode)TC0000222670 035 $a(PQKBWorkID)10175539 035 $a(PQKB)10143203 035 $a(StDuBDS)EDZ0000157721 035 $a(MiAaPQ)EBC3419985 035 $a(DE-B1597)485187 035 $a(OCoLC)1013937332 035 $a(DE-B1597)9780300129779 035 $a(Au-PeEL)EBL3419985 035 $a(CaPaEBR)ebr10170011 035 $a(OCoLC)923589607 035 $a(EXLCZ)991000000000472023 100 $a20060223d2006 uy 0 101 0 $aeng 135 $aur||||||||||| 181 $ctxt 182 $cc 183 $acr 200 10$aPlaying monopoly with the devil$b[electronic resource] $edollarization and domestic currencies in developing countries /$fManuel Hinds 210 $aNew Haven $cYale University Press$dc2006 215 $a1 online resource (1 online resource (xxxix, 255 p.) ) $cill 300 $a"A Council on Foreign Relations book." 311 $a0-300-11330-7 320 $aIncludes bibliographical references (p. 245-248) and index. 327 $aThe 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. 330 $aWhy 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 maneuvers, coaches the president of a mythical country into financial ruin. This ruler's path is not unlike that taken in several real developing countries, to their detriment. Hinds goes on to introduce new ways of thinking about financial systems and monetary behavior in Third World countries. 606 $aMoney$zDeveloping countries 606 $aCurrency question$zDeveloping countries 606 $aMonetary policy$zDeveloping countries 608 $aElectronic books. 615 0$aMoney 615 0$aCurrency question 615 0$aMonetary policy 676 $a332.4/91724 700 $aHinds$b Manuel$01057398 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910452196203321 996 $aPlaying monopoly with the devil$92492649 997 $aUNINA