This fascinating book, a dialogue by leading economists, offers an extensive review of the impact of the introduction of the euro on the international monetary system.
The authors dissect the impact of the euro on living standards in developed and developing countries, the growth of the Euro zone, the role of the International Monetary Fund, and the function of gold in the international monetary system. Also discussed is the design of a new international financial architecture and its impact on the wealth of nations. The critique is frank, entertaining, and sometimes conflicting, empowering the reader to draw his or her own conclusions.
Offering a comprehensive review, this book will have great appeal for economists, especially those working on international monetary policy and theory. Students will also find this book of value.
Edited by Robert A. Mundell, Professor, Columbia University, US and winner of the 1999 Nobel Prize in Economic Sciences, Paul J. Zak, Professor, Claremont Graduate University, US and Derek Schaeffer, Citadel Group, Chicago, US
Contents: Foreword by Robert H. Evans 1. Introduction by Robert A. Mundell and Paul J. Zak 2. Issues Facing the Global Economy 3. Internal Aspects of the Euro 4. International Aspects of the Euro 5. Lionel Robbins Lecture 6. The Future of the EMU, the Euro, and International Finance 7. The Role of Gold in the International Monetary System 8. Fundamental Reform of the International Monetary System: Necessity, Timing and Future Directions 10. Randall Hinshaw Memorial Lecture: Choosing Exchange Rate Regimes. Lessons from Europe and Asia Index