Monetary integration and dollarization
No Panacea
- ISBN: 9781843768968
- Editorial: Edward Elgal Publishing Limited
- Fecha de la edición: 2006
- Lugar de la edición: Cheltenham. Reino Unido
- Encuadernación: Cartoné
- Medidas: 24 cm
- Nº Pág.: 298
- Idiomas: Inglés
Papel: Cartoné
138,35 €
124,52 €
Sin Stock. Disponible en 5/6 semanas.
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.
Ed. Matías Vernengo
