Different monetary systems: Costs and benefits to whom?

This paper analyzes the recent theoretical and practical evidence in terms of economic results of different exchange rate systems. It begins with a historical review and a summary of fixed versus flexible exchange rate systems. Then it compares the experiences of recent currency unions, mostly unila...

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Detalles Bibliográficos
Autor principal: José Luis Cordeiro
Formato: Artículo científico
Publicado: Universidad Central de Venezuela 2003
Materias:
Economía y Finanzas
Dollarization
euroization
exchange rates
monetary policy
monetary union
Acceso en línea:http://www.redalyc.org/articulo.oa?id=36490105
http://biblioteca.clacso.edu.ar/gsdl/cgi-bin/library.cgi?a=d&c=ve/ve-004&d=36490105oai
Aporte de:
Red de Bibliotecas Virtuales de Ciencias Sociales (CLACSO) de Consejo Latinoamericano de Ciencias Sociales
id I16-R122-36490105oai
record_format dspace
institution Consejo Latinoamericano de Ciencias Sociales
institution_str I-16
repository_str R-122
collection Red de Bibliotecas Virtuales de Ciencias Sociales (CLACSO)
topic Economía y Finanzas
Dollarization
euroization
exchange rates
monetary policy
monetary union
spellingShingle Economía y Finanzas
Dollarization
euroization
exchange rates
monetary policy
monetary union
José Luis Cordeiro
Different monetary systems: Costs and benefits to whom?
topic_facet Economía y Finanzas
Dollarization
euroization
exchange rates
monetary policy
monetary union
description This paper analyzes the recent theoretical and practical evidence in terms of economic results of different exchange rate systems. It begins with a historical review and a summary of fixed versus flexible exchange rate systems. Then it compares the experiences of recent currency unions, mostly unilateral, and their relative economic performance during the recent currency crises in Latin America, East Asia and Eastern Europe. A set of issues is discussed in order to weigh the overall costs and benefits for several economies. These issues include exchange rates, GDP performance, inflation rates and foreign reserves. The case of Argentina is also considered sepa-rately, comparing mostly seigniorage costs and interest-rate savings. The benefits and costs of the producers (central banks/governments) and the consumers (citizens) of money are discussed separately. Free banking is also considered in a fast-changing world where there will probably be fewer but better currencies. Not just the euro is a reality now, but maybe the “amero” and the “worldo” or the “mondo” very soon.
format Artículo científico
Artículo científico
author José Luis Cordeiro
author_facet José Luis Cordeiro
author_sort José Luis Cordeiro
title Different monetary systems: Costs and benefits to whom?
title_short Different monetary systems: Costs and benefits to whom?
title_full Different monetary systems: Costs and benefits to whom?
title_fullStr Different monetary systems: Costs and benefits to whom?
title_full_unstemmed Different monetary systems: Costs and benefits to whom?
title_sort different monetary systems: costs and benefits to whom?
publisher Universidad Central de Venezuela
publishDate 2003
url http://www.redalyc.org/articulo.oa?id=36490105
http://biblioteca.clacso.edu.ar/gsdl/cgi-bin/library.cgi?a=d&c=ve/ve-004&d=36490105oai
work_keys_str_mv AT joseluiscordeiro differentmonetarysystemscostsandbenefitstowhom
bdutipo_str Repositorios
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