Cover image for Currency crises, monetary union and the conduct of monetary policy : a debate among leading economists
Title:
Currency crises, monetary union and the conduct of monetary policy : a debate among leading economists
Author:
Zak, Paul J.
Publication Information:
Cheltenham, UK ; Northampton, MA, USA : E. Elgar Pub., [1999]

©1999
Physical Description:
xvii, 141 pages ; 22 cm
General Note:
"Debate ... held at Claremont Graduate University in Claremont, California, March 23-25, 1997"--P. 1.
Language:
English
Reading Level:
1140 Lexile.
Added Author:
Added Corporate Author:
ISBN:
9781840640489
Format :
Book

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Summary

Summary

Currency Crises, Monetary Union and the Conduct of Monetary Policy is a book of debate and analysis by some of the world's most eminent economists, on problems relating to the international monetary system, economic growth and monetary policy.This highly readable book features contributions from illustrious scholars including four Nobel laureates in economics - Milton Friedman, Franco Modigliani, Paul A. Samuelson and James Tobin. They hold a lively discussion on the impact of monetary policy on economic growth, unemployment and inflation, in both developing and developed countries. The authors also examine the effects of European Monetary Union on the international monetary system and whether this union will survive to include more than just a few founding countries. In addition, the assembled experts investigate the conditions that lead to currency crises in developing countries and propose policies that can be used to combat such crises. This impressive volume is a lightly-edited chronicle of a vigorous debate among leading economists, and contains an introduction that puts the discussions in context.This accessible and thought-provoking volume will be of interest to specialists in international monetary economics, and to undergraduate and graduate students, and members of the general public who seek a clearer understanding of current economic issues and solutions to economic problems.


Author Notes

Edited by Paul J. Zak, Professor, Claremont Graduate University, US


Table of Contents

List of Contributors and Participantsp. vi
Acknowledgmentsp. viii
Forewordp. ix
1 Introductionp. 1
2 Problems of the Us Economyp. 4
3 Taxation, Employment and the Federal Reservep. 21
4 European Monetary Union, the Dollar and the International Monetary Systemp. 32
5 the Outlook for Economic Growth in the Developed Worldp. 52
6 the Monetary Crisis in Mexicop. 76
7 Policies to Combat Monetary Crises in Developing Countriesp. 94
8 a Poll and Closing Remarksp. 113
9 the Lord Robbins Memorial Lecture: European Monetary Union: What Can We Learn from the United States?p. 114
Indexp. 133