Fewer monies, better monies
Article Abstract:
A proposal is examined for joining several countries in the Americas into a monetary union like the one being implemented in Europe. Several reasonably stable currencies exist in countries like Mexico, Brazil and Chile would benefit from the stabilizing influence of an international currency board.
Publication Name: American Economic Review
Subject: Economics
ISSN: 0002-8282
Year: 2001
User Contributions:
Comment about this article or add new information about this topic:
Why not a global currency?
Article Abstract:
The current trend of consolidation of currencies into regional markets is a good thing but it should stop before a single global currency is created. A global currency would lack flexibility, lack of competition would cause currency stagnation and absent a global government, difficulties would ensue over who has control.
Publication Name: American Economic Review
Subject: Economics
ISSN: 0002-8282
Year: 2001
User Contributions:
Comment about this article or add new information about this topic:
National money as a barrier to international trade: the real case for currency union
Article Abstract:
The primary benefit of monetary unions is increased international trade. Increased international trade speeds economic development. In addition, monetary unions create currency and price stability.
Publication Name: American Economic Review
Subject: Economics
ISSN: 0002-8282
Year: 2001
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: The open method as a new mode of governance: the case of soft economic policy co-ordination. Quota Hopping: The Common Fisheries Policy Between States and Markets
- Abstracts: Regional local borrowings in the context of financial and fiscal reform. Stereotypes and realities of Russian fiscal federalism
- Abstracts: Optimal monetary policy in open versus closed economies: an integrated approach. Black-White earnings differentials: privatization versus deregulation
- Abstracts: Price and quality of desktop and mobile personal computers: a quarter-century historical overview. Pitfalls of forward-looking monetary policy