Chapter

Monetary Union

Benjamin J. Cohen

in The Dollarization Debate

Published in print May 2003 | ISBN: 9780195155358
Published online November 2003 | e-ISBN: 9780199832989 | DOI: http://dx.doi.org/10.1093/0195155351.003.0014
Monetary Union

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This chapter focuses on the political dimension of monetary union — key domestic and international political issues involved when sovereign states consider either currency unification or formal dollarization. It examines the role of policies in the context of two distinct stages: at the time when the initial decision is made to create a monetary union, and as part of what determines the sustainability of the endeavor. Implications for Canada and Latin America are discussed.

Keywords: political dimension; monetary union; dollarization; currency unification

Chapter.  7757 words. 

Subjects: International Economics

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