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Currency Unions (Hoover Institution Press Publication)
Alesina & Barro
€ 12.28
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Description for Currency Unions (Hoover Institution Press Publication)
Paperback. Num Pages: 86 pages, Illustrations. BIC Classification: KCBM. Category: (G) General (US: Trade). Dimension: 227 x 154 x 7. Weight in Grams: 190.
Currency 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 how currency union greatly expands the volume of international trade among its members, and examine the recent implementation of ... Read more
Currency 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 how currency union greatly expands the volume of international trade among its members, and examine the recent implementation of ... Read more
Product Details
Format
Paperback
Publication date
2001
Publisher
Hoover Institution Press
Condition
New
Number of Pages
86
Place of Publication
Stanford, United States
ISBN
9780817928421
SKU
V9780817928421
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-16
About Alesina & Barro
Alberto Alesina received his Ph.D. in 1986 from Harvard, where he became a full professor in 1993. Robert J. Barro is a senior fellow at the Hoover Institution and the Robert C. Waggoner Professor of Economics at Harvard University. He is an editor of the Quarterly Journal of Economics.
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