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Fewer monies, better monies

Article Abstract:

A proposal is examined for joining several countries in the Americas into a monetary union like the one being implemented in Europe. Several reasonably stable currencies exist in countries like Mexico, Brazil and Chile would benefit from the stabilizing influence of an international currency board.

Author: Dornbusch, Rudi
Publisher: American Economic Association
Publication Name: American Economic Review
Subject: Economics
ISSN: 0002-8282
Year: 2001
Economic policy

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Why not a global currency?

Article Abstract:

The current trend of consolidation of currencies into regional markets is a good thing but it should stop before a single global currency is created. A global currency would lack flexibility, lack of competition would cause currency stagnation and absent a global government, difficulties would ensue over who has control.

Author: Rogoff, Kenneth
Publisher: American Economic Association
Publication Name: American Economic Review
Subject: Economics
ISSN: 0002-8282
Year: 2001
United States, Forecasts and trends, Foreign exchange market

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National money as a barrier to international trade: the real case for currency union

Article Abstract:

The primary benefit of monetary unions is increased international trade. Increased international trade speeds economic development. In addition, monetary unions create currency and price stability.

Author: Rose, Andrew K., Van Wincoop, Eric
Publisher: American Economic Association
Publication Name: American Economic Review
Subject: Economics
ISSN: 0002-8282
Year: 2001
European Union, Other General Government Support, Coinage & Currency, Statistical Data Included, Foreign exchange, International trade, Money

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Subjects list: Research, Economic aspects, International aspects, Economics, Econometrics, Monetary policy, Latin America, Monetary unions
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