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The Economics of Common Currencies (Proceedings of the Madrid Conference on Optimum Currency Areas) - 9781032029580

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9781032029580
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  • Product Details

    Author:
    Harry Johnson, Alexander Swoboda
    Format:
    Paperback
    Pages:
    298
    Publisher:
    Taylor & Francis (August 26, 2022)
    Language:
    English
    ISBN-13:
    9781032029580
    Weight:
    16.25oz
    Dimensions:
    6.125" x 9.1875"
    File:
    TAYLORFRANCIS-TayFran_260508043332036-20260508.xml
    Folder:
    TAYLORFRANCIS
    List Price:
    $49.99
    Series:
    Collected Works of Harry G. Johnson
    As low as:
    $47.49
    Publisher Identifier:
    P-CRC
    Discount Code:
    H
    Case Pack:
    1
    Pub Discount:
    30
    Audience:
    General/trade
    Country of Origin:
    United States
    Imprint:
    Routledge
  • Overview

    Gathering together the papers presented at the Madrid Conference on Optimum Currency Areas in 1970 this volume represents one of the first complete surveys of the theory and policy implication of monetary integration. The book discusses:

    • the economics of fixed exchange rates relevant to monetary relations within an integrated monetary area
    • the evolution of economic doctrine and a survey of optimum currency area theory
    • problems of policy co-ordination within a currency area
    • relevance of the monetary-fiscal policy mix
    • problems of monetary union in developing countries
    • the book predicted the establishment of an European currency but presented the case for greater flexibility of exchange rates as an alternative to currency unification.