Currency Unions

by Alberto Alesina and Robert J. Barro

Currency Unions reviews the traditional case for flexible exchange rates and "countercyclical"--that is, expansionary during recessions and contractionary in booms--monetary policy, and shows how flexible exchange rate regimes can better insulate the economy from such real disturbances as terms-of-trade shocks. The book also looks at the pitfalls of flexible exchange rates--and why fixed rates, particularly full dollarization--might be a more sensible...

• Format: Paperback
• Language: English
• ISBN: 0817928421
• ISBN13: 9780817928421
• Release Date: October 2001
• Publisher: Hoover Institution Press
• Length: 86 Pages
• Weight: 0.46 lbs.
• Dimensions: 0.3" x 5.3" x 11.8"