Policy Issues in the Operation of Currency Unions

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Paul R. Masson, Mark P. Taylor
Cambridge University Press, Sep 23, 1993 - Business & Economics - 310 pages
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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 In addition to a specially written survey chapter by the editors, it contains previously unpublished contributions by leading researchers in the field, discussing real and potential currency unions in the United States, the former Soviet Union, Europe and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.
 

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Contents

a survey of the issues
3
Private capital markets and adjustment in a currency
75
The economics of the CFA franc zone
96
Is Europe an optimum currency area?
111
Labor markets and European monetary unification
130
European excess stock returns and capital market
163
The European System of Central Banks after
215
a perspective from
264
Index
297
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