The Dollarization Debate
Published on 15. May 2003
Book
Hardback
496 pages
978-0-19-515535-8 (ISBN)
Description
This book takes a global approach, with an emphasis on North and Latin America respectfully, by discussing one of today's most controversial topics in business; Dollarization. With the collapse of the former Soviet Union, and the formation of the Euro in Europe, many countries and debating whether or not a common currency is in their best interest. This intriguing volume brings together the leading participants in the current dollarization debates. Many advocate the notion of a common currency, while others feel that in doing so will create financial costs for all that take part, with the severity varying from country to country.
Reviews / Votes
The strength of the book is that it brings together most of the major protagonists from the Americas in debates over dollarization and related matters. There is a refreshing variety of views, with no attempt by the editors to impose a party line. * Review of World Economics * The book is a timely contribution to an important ongoing but unsettled debate. * Review of World Economics * The book is well-produced by Oxford University Press, with a usable index. On the whole, the collection is a good read with a strong assembly of authors from academia, think tanks, central banks and the private sector. For anybody unfamiliar with the current debates, it is a good introduction to the issues surrounding dollarization in the western hemisphere. * Review of World Economics *More details
Language
English
Place of publication
New York
United States
Target group
Professional and scholarly
Illustrations
numerous tables and figures
Dimensions
Height: 240 mm
Width: 161 mm
Thickness: 31 mm
Weight
898 gr
ISBN-13
978-0-19-515535-8 (9780195155358)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Other editions
Additional editions
Dominick Salvatore | James W. Dean | Thomas D. Willett
The Dollarization Debate
Book
05/2003
Oxford University Press Inc
€52.40
Shipment within 15-20 days
Dominick Salvatore | James W. Dean | Thomas Willett
The Dollarization Debate
E-Book
03/2003
1st Edition
OUP USA
€27.49
Available for download
Dominick Salvatore | James W. Dean | Thomas Willett
The Dollarization Debate
E-Book
03/2003
OUP USA
€27.49
Available for download
Persons
Salvatore, Dominick (Chair of Economics, Fordham University, USA) / Dean, James W. (Professor of Economics, Simon Fraser University, British Columbia, Canada) / Willet, Thomas D. / Willett, Thomas (Professor of Economics, Claremont Graduate School, USA)
Content
Contributors
Dominick Salvatore, James W. Dean, and Thomas D. Willett: Introduction
Part I. General Analysis
A Visionary's View
1: Robert Mundell: Currency Areas, Exchange Rate Systems, and International Monetary Reform
De Facto Dollarization
2: Edgar L. Feige, Michael Faulend, Velimir &Sonje, and Vedran &So&si'c: Unofficial Dollarization in Latin America: Currency Substitution, Network Externalities, and Irreversibility
Pros and Cons
3: Andrew Berg and Eduardo R. Borensztein: The Pros and Cons of Full Dollarization
4: Vittorio Corbo: Is It Time for a Common Currency for the Americas?
5: Sebastian Edwards: Dollarization: Myths and Realities
6: Barry Eichengreen: What Problems Can Dollarization Solve?
7: Kurt Schuler: What Use Is Monetary Sovereignty?
One Regime for All Countries?
8: Thomas D. Willett: The OCA Approach to Exchange Rate Regimes: A Perspective on Recent Developments
9: John Williamson: Dollarization Does Not Make Sense Everywhere
10: Ronald I. McKinnon: The Problem of Dollar Encroachment in Emerging Markets
11: Dominick Salvatore: Which Countries in the Americas Should Dollarize?
12: George M. von Furstenberg: Pressures for Currency Consolidation in Insurance and Finance: Are the Currencies of Financially Small Countries on the Endangered List?
Part II. Political Economy
13: Benjamin J. Cohen: Monetary Union: The Political Dimension
14: Juergen Schuldt: Latin American Official Dollarization: Political Economy Aspects
15: Nancy Neiman Auerbak and Aldo Flores-Quiroga: The Political Economy of Dollarization in Mexico
16: Harris Dellas and George S. Tavlas: Lessons of the Euro for Dollarization: Analytic and Political Economy Perspectives
Part III. North America
17: Thomas J. Courchene and Richard G. Harris: North American Currency Integration: A Canadian Perspective
18: Herbert G. Grubel: The Merit of a North American Monetary Union
19: John D. Murray: Why Canada Needs a Flexible Exchange Rate
Part IV. Latin America
20: James W. Dean: Should Latin America's Common-Law Marriage to the U.S. Dollar Be Legalized? Should Canada's?
21: Liliana Rojas-Suarez: What Exchange Rate Arrangement Works Best for Latin America?
22: Steven H. Hanke: A Dollarization/Free-Banking Blueprint for Argentina
23: Jose Maria Fanelli: Argentina's Currency Board and the Case for Macroeconomic Policy Coordination in Mercosur
24: Archibald R. M. Ritter and Nicholas P. Rowe: Cuba: "Dollarization" and "Dedollarization"
Index
Dominick Salvatore, James W. Dean, and Thomas D. Willett: Introduction
Part I. General Analysis
A Visionary's View
1: Robert Mundell: Currency Areas, Exchange Rate Systems, and International Monetary Reform
De Facto Dollarization
2: Edgar L. Feige, Michael Faulend, Velimir &Sonje, and Vedran &So&si'c: Unofficial Dollarization in Latin America: Currency Substitution, Network Externalities, and Irreversibility
Pros and Cons
3: Andrew Berg and Eduardo R. Borensztein: The Pros and Cons of Full Dollarization
4: Vittorio Corbo: Is It Time for a Common Currency for the Americas?
5: Sebastian Edwards: Dollarization: Myths and Realities
6: Barry Eichengreen: What Problems Can Dollarization Solve?
7: Kurt Schuler: What Use Is Monetary Sovereignty?
One Regime for All Countries?
8: Thomas D. Willett: The OCA Approach to Exchange Rate Regimes: A Perspective on Recent Developments
9: John Williamson: Dollarization Does Not Make Sense Everywhere
10: Ronald I. McKinnon: The Problem of Dollar Encroachment in Emerging Markets
11: Dominick Salvatore: Which Countries in the Americas Should Dollarize?
12: George M. von Furstenberg: Pressures for Currency Consolidation in Insurance and Finance: Are the Currencies of Financially Small Countries on the Endangered List?
Part II. Political Economy
13: Benjamin J. Cohen: Monetary Union: The Political Dimension
14: Juergen Schuldt: Latin American Official Dollarization: Political Economy Aspects
15: Nancy Neiman Auerbak and Aldo Flores-Quiroga: The Political Economy of Dollarization in Mexico
16: Harris Dellas and George S. Tavlas: Lessons of the Euro for Dollarization: Analytic and Political Economy Perspectives
Part III. North America
17: Thomas J. Courchene and Richard G. Harris: North American Currency Integration: A Canadian Perspective
18: Herbert G. Grubel: The Merit of a North American Monetary Union
19: John D. Murray: Why Canada Needs a Flexible Exchange Rate
Part IV. Latin America
20: James W. Dean: Should Latin America's Common-Law Marriage to the U.S. Dollar Be Legalized? Should Canada's?
21: Liliana Rojas-Suarez: What Exchange Rate Arrangement Works Best for Latin America?
22: Steven H. Hanke: A Dollarization/Free-Banking Blueprint for Argentina
23: Jose Maria Fanelli: Argentina's Currency Board and the Case for Macroeconomic Policy Coordination in Mercosur
24: Archibald R. M. Ritter and Nicholas P. Rowe: Cuba: "Dollarization" and "Dedollarization"
Index