Approximately two years ago, the Guido Carli Association charged a group of distinguished economists with studying various aspects of the international monetary system and proposing ways to improve it. The studies were presented at a conference in Florence, Italy, on June 19, 1998 and their edited versions are published in this volume. Ideas for the Future of the International Monetary System consists of two parts: Part I contains the studies commissioned by the Carli Association - those by Dominick Salvatore; Koichi Hamada; Forrest Capie; Michele Fratianni, Andreas Hauskrecht and Aurelio Maccario; JA¼rgen von Hagen and Ingo Fender, Michael Artis, Marion Kohler and Jacques MAclitz; Barry Eichengreen; Michele Fratianni and Andreas Hauskrecht; Paolo Savona and Aurelio Maccario; and Elvio Dal Bosco - and the comments by Paul De Grauwe and William Branson, and the editors' conclusions. Part II contains three papers presented at the Florence conference, by Antonio Fazio, Carl Scognamiglio, and Alberto Predieri.... this last category: they all use the French franc as their currency, and correspondingly do the bulk of their trade with mainland France. ... How well do the preceding potential currency areas in the Americas withstand the test of the business cycle symmetry criterion? The answer can be seen by comparing Tables 7 and 8.
|Title||:||Ideas for the Future of the International Monetary System|
|Author||:||Michele Fratianni, Dominick Salvatore, Paolo Savona|
|Publisher||:||Springer Science & Business Media - 1999-01-31|