The Dollarization Debate

Dominick Salvatore, James W. Dean, Thomas D. Willett (Herausgeber)

Buch | Softcover

496 Seiten

2003
Oxford University Press Inc (Verlag)
978-0-19-515536-5 (ISBN)

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This book takes a global approach, with an emphasis on North and Latin America respectfully, by discussing one of today's most controversial topics in business; Dollarization. With the collapse of the former Soviet Union, and the formation of the Euro in Europe, many countries and debating whether or not a common currency is in their best interest. This intriguing volume brings together the leading participants in the current dollarization debates. Many advocate the notion of a common currency, while others feel that in doing so will create financial costs for all that take part, with the severity varying from country to country.

Contributors
Dominick Salvatore, James W. Dean, and Thomas D. Willett: Introduction
Part I. General Analysis
A Visionary's View
1: Robert Mundell: Currency Areas, Exchange Rate Systems, and International Monetary Reform
De Facto Dollarization
2: Edgar L. Feige, Michael Faulend, Velimir &Sonje, and Vedran &So&si'c: Unofficial Dollarization in Latin America: Currency Substitution, Network Externalities, and Irreversibility
Pros and Cons
3: Andrew Berg and Eduardo R. Borensztein: The Pros and Cons of Full Dollarization
4: Vittorio Corbo: Is It Time for a Common Currency for the Americas?
5: Sebastian Edwards: Dollarization: Myths and Realities
6: Barry Eichengreen: What Problems Can Dollarization Solve?
7: Kurt Schuler: What Use Is Monetary Sovereignty?
One Regime for All Countries?
8: Thomas D. Willett: The OCA Approach to Exchange Rate Regimes: A Perspective on Recent Developments
9: John Williamson: Dollarization Does Not Make Sense Everywhere
10: Ronald I. McKinnon: The Problem of Dollar Encroachment in Emerging Markets
11: Dominick Salvatore: Which Countries in the Americas Should Dollarize?
12: George M. von Furstenberg: Pressures for Currency Consolidation in Insurance and Finance: Are the Currencies of Financially Small Countries on the Endangered List?
Part II. Political Economy
13: Benjamin J. Cohen: Monetary Union: The Political Dimension
14: Jürgen Schuldt: Latin American Official Dollarization: Political Economy Aspects
15: Nancy Neiman Auerbak and Aldo Flores-Quiroga: The Political Economy of Dollarization in Mexico
16: Harris Dellas and George S. Tavlas: Lessons of the Euro for Dollarization: Analytic and Political Economy Perspectives
Part III. North America
17: Thomas J. Courchene and Richard G. Harris: North American Currency Integration: A Canadian Perspective
18: Herbert G. Grubel: The Merit of a North American Monetary Union
19: John D. Murray: Why Canada Needs a Flexible Exchange Rate
Part IV. Latin America
20: James W. Dean: Should Latin America's Common-Law Marriage to the U.S. Dollar Be Legalized? Should Canada's?
21: Liliana Rojas-Suarez: What Exchange Rate Arrangement Works Best for Latin America?
22: Steven H. Hanke: A Dollarization/Free-Banking Blueprint for Argentina
23: José María Fanelli: Argentina's Currency Board and the Case for Macroeconomic Policy Coordination in Mercosur
24: Archibald R. M. Ritter and Nicholas P. Rowe: Cuba: "Dollarization" and "Dedollarization"
Index

Erscheint lt. Verlag	15.5.2003
Zusatzinfo	numerous tables and figures
Verlagsort	New York
Sprache	englisch
Maße	231 x 155 mm
Gewicht	683 g
Themenwelt	Wirtschaft ► Allgemeines / Lexika
	Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung
	Wirtschaft ► Betriebswirtschaft / Management ► Unternehmensführung / Management
	Wirtschaft ► Volkswirtschaftslehre ► Finanzwissenschaft
	Wirtschaft ► Volkswirtschaftslehre ► Makroökonomie
ISBN-10	0-19-515536-X / 019515536X
ISBN-13	978-0-19-515536-5 / 9780195155365
Zustand	Neuware