Chapter

Pressures for Currency Consolidation in Insurance and Finance

George M. von Furstenberg

in The Dollarization Debate

Published in print May 2003 | ISBN: 9780195155358
Published online November 2003 | e-ISBN: 9780199832989 | DOI: http://dx.doi.org/10.1093/0195155351.003.0013
Pressures for Currency Consolidation in Insurance and Finance

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E-commerce, regional economic integration, and global liberalization have eroded the monopoly of small currencies in their home markets. These factors now threaten the continued viability of these currencies in the medium-term. Partial currency consolidations are likely to be unsuitable in the new environment leading to regional monetary union.

Keywords: currency consolidation; e-commerce; exchange rates; monetary union

Chapter.  5265 words. 

Subjects: International Economics

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