ABSTRACT
The use of the US dollar for domestic monetary transactions outside the USA has gone on for many years now - Panama in 1904 being the earliest example. Since the advent of the Euro, the debate over the benefits of monetary integration has warmed up - particularly for NAFTA countries.This collection, with contributions from experts such as Philip Ar
TABLE OF CONTENTS
part |2 pages
Part I The European experience
chapter 2|15 pages
The decline of the euro in its first two years
Is there a satisfactory explanation?
chapter 4|22 pages
The theory and practice of European monetary integration
Lessons for North America
chapter 5|22 pages
Common currency lessons from Europe
Have member states forsaken their economic steering wheels?
chapter 6|9 pages
Monetary policy in a non-optimal currency union
Lessons for the European Central Bank
part |2 pages
Part II Lessons for the Americas
chapter 8|14 pages
Electronic payments and exchange rate regimes
Industry changes and the question of a single North American currency
