Author Description

gathering Together The Papers Presented At The Madrid Conference On Optimum Currency Areas In 1970 This Volume Represents One Of The First Complete Surveys Of The Theory And Policy Implication Of Monetary Integration. The Book Discusses: the Economics Of Fixed Exchange Rates Relevant To Monetary Relations Within An Integrated Monetary Area the Evolution Of Economic Doctrine And A Survey Of Optimum Currency Area Theory problems Of Policy Co-ordination Within A Currency Area relevance Of The Monetary-fiscal Policy Mix<p Cover; Half Title; Title Page; Copyright Page; Original Title Page; Original Copyright Page; Foreword; Table Of Contents; Participants; Introduction; Part I The Economics Of Fixed Exchange Rates; 1 Two Arguments For Fixed Rates; Comment; 2 The Flexibility Of The Gold-exchange Standard And Its Limits; 3 The Price-specie-flow Mechanism And The Gold-exchange Standard: Some Exploratory Empiricism Relating To The Endogeneity Of Country Money Balances; 4 The Dual Currency System Revisited; Part Ii The Economics Of Common Currency Areas; 5 Some Early Views On Monetary Integration 6 The Theory Of Optimum Regional Associations7 Uncommon Arguments For Common Currencies; 8 Policy Conflict, Inconsistent Goals, And The Co-ordination Of Economic Policies; 9 A Plan For A European Currency; Comment; 10 The Impact Of External Markets For National Currencies On Central Bank Reserves; 11 Joint Balance: Capital Mobility And The Monetary System Of A Currency Area; 12 Optimum Currency Areas And Latin America; Part Iii The Economics Of Flexible Exchange Rates; 13 The U.s. Balance Of Payments: Freedom Or Controls 14 Flexing The International Monetary System: The Case For Gliding Parities15 Specific Proposal For Limited Exchange Rate Flexibility; 16 Flexible Exchange Rates And Traded Goods Prices: The Role Of Oligopoly Pricing In The Canadian Experience; 17 The Optimal Rate Of Devaluation; Index Edited By Harry G. Johnson And Alexander K. Swoboda; With A Foreword By Robert A. Mundell. First Published In 1973 By Allen & Unwin. Includes Bibliographical References And Index. English