Monetary Integration and Dollarization

Edited by Matías Vernengo

in Books from Edward Elgar Publishing

Abstract: This book deals with the economic consequences of monetary integration, which has long been dominated by the Optimal Currency Area (OCA) paradigm. In this model, money is perceived as having developed from a private sector cost minimization process to facilitate transactions. Not surprisingly, the book argues, the main advantage of monetary integration in the OCA context is the reduction of transaction costs, yet the validity of OCA to analyze processes of monetary integration seems to be limited at best.

Keywords: Economics and Finance (search for similar items in EconPapers)
JEL-codes: G0 (search for similar items in EconPapers)
Date: 2006
ISBN: 9781843768968
References: Add references at CitEc
Citations: View citations in EconPapers (11)

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Chapters in this book:

Ch 1 Reflections on the Experience of the Euro: Lessons for the Americas

Philip Arestis and Malcolm Sawyer

Ch 2 European Experiences of Currency Boards: Estonia, Lithuania, Bulgaria and Bosnia and Herzegovina

Jean-Francois Ponsot

Ch 3 The Lessons of the European Monetary Union

Alain Parguez

Ch 4 Does NAFTA Move North America Towards a Common Currency Area?

William Gruben and Jahyeong Koo

Ch 5 Dollarization and Illegal Immigration: Implications for NAFTA

Susan Pozo

Ch 6 Is the Canadian Dollar Destined to Disappear? A Critical Perspective

Mario Seccareccia

Ch 7 Float, Fix or Joint? The Options for Canadian Foreign Exchange Policy

Ronald Bodkin

Ch 8 Can Emerging Markets Float? Should They Inflation Target?

Barry Eichengreen

Ch 9 Integrating Uneven Partners: The Destabilizing Effects of Financial Liberalization and Internationalization of Latin American Economics

Rogerio Studart

Ch 10 Exchange Rate Regimes and the Need for Elements for a New International Financial Architecture

Stephany Griffith-Jones

Ch 11 Capital Flows to Emerging Markets under the Flexible Dollar Standard: A Critical View Based on the Brazilian Experience

Carlos Medeiros and Franklin Serrano

Ch 12 From Capital Controls to Dollarization: American Hegemony and the US Dollar

Matías Vernengo

Ch 13 A Framework for Analysing Dollarization

Paul Davidson

Ch 14 Dollarization in Latin America: 2004 and Beyond

Kenneth Jameson

Ch 15 Monetary Integration and Dollarization: What Are the Lessons?

Alcino F. Câmara Neto and Matías Vernengo

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