LEADER 03786nam 2200673 450 001 9910820968803321 005 20230607225428.0 010 $a0-8179-2848-0 035 $a(CKB)2550000001166891 035 $a(EBL)1569200 035 $a(MiAaPQ)EBC1569200 035 $a(Au-PeEL)EBL1569200 035 $a(CaPaEBR)ebr10816488 035 $a(CaONFJC)MIL548278 035 $a(OCoLC)869091800 035 $a(EXLCZ)992550000001166891 100 $a20010606h20012001 uy| 0 101 0 $aeng 135 $aur|n|---||||| 181 $2rdacontent 182 $2rdamedia 183 $2rdacarrier 200 00$aCurrency unions /$fedited by Alberto Alesina and Robert J. Barro 210 1$aStanford, California :$cHoover Institution Press, Stanford University,$d[2001] 210 4$dİ2001 215 $a1 online resource (100 p.) 225 1 $aHoover Institution Press publication ;$vnumber 496 300 $aBased on a conference held at the Hoover Institution in May 2000. The present volume includes non-technical summaries of these papers. 311 $a0-8179-2842-1 311 $a1-306-17027-3 320 $aIncludes bibliographical references and index. 327 $aFront 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 327 $aChapter 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; Index 330 $aCurrency Unions reviews the traditional case for flexible exchange rates and ""countercyclical""-that is, expansionary during recessions and contractionary in booms-monetary policy, and shows how flexible exchange rate regimes can better insulate the economy from such real disturbances as terms-of-trade shocks. The book also looks at the pitfalls of flexible exchange rates-and why fixed rates, particularly full dollarization-might be a more sensible choice for some emerging-market countries. The contributors also detail the factors that determine the optimal sizes of currency unions, explain h 410 0$aHoover Institution Press publication ;$v496. 606 $aMonetary unions$vCongresses 606 $aMonetary policy$xInternational cooperation$vCongresses 606 $aCurrency question$vCongresses 606 $aDebts, External$vCongresses 606 $aFinancial crises$vCongresses 606 $aInternational trade$vCongresses 606 $aInternational finance$vCongresses 615 0$aMonetary unions 615 0$aMonetary policy$xInternational cooperation 615 0$aCurrency question 615 0$aDebts, External 615 0$aFinancial crises 615 0$aInternational trade 615 0$aInternational finance 676 $a332.4/566 701 $aAlesina$b Alberto$0120423 701 $aBarro$b Robert J$0103255 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910820968803321 996 $aCurrency unions$94001944 997 $aUNINA