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What About a World Currency? Proposal for a Common Currency among Rich Democracies. One World Money, Then and Now

Richard Cooper, Michael Bordo and Harold James
Additional contact information
Richard Cooper: Harvard University
Michael Bordo: Economics Department, Rutgers University and Harvard University
Harold James: History Department and Woodrow Wilson School, Princeton University

No 44, Working Papers from Bank of Greece

Keywords: Regional; and; International; Currency; Arrangements (search for similar items in EconPapers)
JEL-codes: F41 F15 F33 (search for similar items in EconPapers)
Pages: 41 pages
Date: 2006-06
New Economics Papers: this item is included in nep-cba, nep-his and nep-mon
Note: On February 24-25, 2006 an international workshop on “Regional and International Currency Arrangements” was held in Vienna. It was co-sponsored by the Oesterreichische Nationalbank and the Bank of Greece, and jointly organized by Eduard Hochreiter and George Tavlas. Academic economists and researchers from central banks and international organizations presented and discussed current research, and reviewed and assessed the past experience with, and the future challenges of, international currency arrangements. A number of papers and the contributions by the discussants presented at this workshop are being made available to a broader audience in the Working Paper series of the Bank of Greece and simultaneously also in the Working Paper Series of the Oesterreichische Nationalbank. The papers and the discussants’ comments will be published in the journal, International Economics and Economic Policy. Here we present the sixth of these Working Papers. (The previous five were issued as Bank of Greece Working Papers No. 39 to 43.) This Working Paper contains two papers on the topic “What About a World Currency?”; one more affirmative, the other more critical. In addition to the papers by Richard Cooper and Michael Bordo and Harold James, the Working Paper also contains the contribution of the discussant, Sergio Schmukler.
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