Regional Monetary Integration
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Regional Monetary Integration by Peter B. Kenen
Book DescriptionThis book surveys the prospects for regional monetary integration in various parts of the world. Beginning with a brief review of the theory of optimal currency areas, it goes on to examine the structure and functioning of the European Monetary Union, then turns to the prospects for monetary integration elsewhere in the world - North America, South America, and East Asia. Such cooperation may take the form of full-fledged monetary unions or looser forms of monetary cooperation. The book emphasizes the economic and institutional requirements for successful monetary integration, including the need for a single central bank in the case of a full-fledged monetary union, and the corresponding need for multinational institutions to safeguard its independence and assure its accountability. The book concludes with a chapter on the implications of monetary integration for the United States and the US dollar.
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Book DetailsISBN: 9780521711500
(228mm x 152mm x 13mm)
Imprint: Cambridge University Press
Publisher: Cambridge University Press
Publish Date: 26-Nov-2007
Country of Publication: United Kingdom
Books By Author Peter B. Kenen
International Trade and Finance, Paperback (July 2008)
The nine papers in this volume were written for a conference on research in international trade and finance held at Princeton University in March 1973.
Reform of the International Monetary Fund, Paperback (June 2007)
Rejects the urgings of the abolitionists and contends that efforts to reform the International Monetary Fund deserve US support. This book argues that the US should not try to achieve unilaterally what the Fund can and should achieve multilaterally.
International Economy, Paperback (January 2000)
This text is a rigorous introduction to international economics for upper-level undergraduates and above.
Economic and Monetary Union in Europe, Paperback (September 1995)» View all books by Peter B. Kenen
Kenen provides a comprehensive account and analysis of the plan for European monetary union contained in the Maastricht Treaty.
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Author Biography - Peter B. Kenen
Peter B. Kenen is Senior Fellow in International Economics at the Council on Foreign Relations and Walker Professor of Economics and Finance, Emeritus, at Princeton University. Professor Kenen's publications include The International Economy (2000, Cambridge University Press), Economic and Monetary Union in Europe (1995, Cambridge University Press), The International Financial Architecture, and International Economic and Financial Integration. He was a member of President Kennedy's Task Force on Foreign Economic Policy and the Economic Advisory Panel of the Federal Reserve Bank of New York. Professor Kenen has served as consultant to the Council of Economic Advisers, the Office of Management and Budget, the Federal Reserve, the US Treasury, and the International Monetary Fund. Ellen E. Meade is Associate Professor in the Department of Economics at American University. She was Guest Scholar at The Brookings Institution (2004-5), Senior Research Fellow at London School of Economics (2001-4), Senior Economist for the Council of Economic Advisors (1994-5), and Senior Economist, Federal Reserve Board of Governors (1984-99). Professor Meade has published in the Journal of Economic Perspectives and the Journal of Economic Literature, among others, and has taught economics courses in the central banks of Syria and Bosnia/Herzegovina.
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