Policy Issues in the Operation of Currency Unions [Hardcover]

An overview and the latest research on single currency areas in Europe, the US, and the former USSR.This book provides an overview as well as the latest research on currency unions - geographical areas throughout which a single currency circulates as the medium of exchange. The issues discussed are central to debates on Economic and Monetary Union in Europe, and the future of Eastern Europe. In addition to a specially written survey chapter by the editors, it contains previously unpublished contributions by leading researchers in the field, discussing real and potential currency unions in the United States, the former Soviet Union, Europe and Africa.This book provides an overview as well as the latest research on currency unions - geographical areas throughout which a single currency circulates as the medium of exchange. The issues discussed are central to debates on Economic and Monetary Union in Europe, and the future of Eastern Europe. In addition to a specially written survey chapter by the editors, it contains previously unpublished contributions by leading researchers in the field, discussing real and potential currency unions in the United States, the former Soviet Union, Europe and Africa.This book provides an overview as well as the latest research on currency unions--geographical areas throughout which a single currency circulates as the medium of exchange. The issues discussed are central to debates on Economic and Monetary Union in Europe, and the future of Eastern Europe. In addition to a specially written survey chapter by the editors, it contains previously unpublished contributions by leading researchers in the field, discussing real and potential currency unions in the United States, the former Soviet Union, Europe and Africa.List of contributors; Preface; Part I. Assessing the Literature: 1. Currency unions: a survey of the issues Paul R. Masson and Mark P. Taylor; Part II. Existing Currency Unions: 2. Costs and benefits of economic and monetary unl³-