Restructuring the international financial system: Floating, fixed, or super-fixed? Dollarization joins the menu of exchange-rate options

American Economic Review

Volumn 90, Issue 2, 2000, Pages 32-37

  LeBaron, Blake ^a   McCulloch, Rachel ^a  

^a BRANDEIS UNIVERSITY   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0039765358     PISSN: 00028282     EISSN: None     Source Type: Journal    
DOI: 10.1257/aer.90.2.32     Document Type: Article

References (21)

1. Bordo, Michael D. and Schwartz, Anna J. "Monetary Policy Regimes and Economic Performance: The Historical Record," in J. B. Taylor and M. Woodford, eds., Handbook of macroeconomics. New York: Elsevier, 1999, pp. 149-234.
2. Buiter, Willem. "The EMU and the NAMU: What Is the Case for North American Monetary Union?" Douglas D. Purvis Memorial Lecture, Toronto, Canada, 29 May 1999. Canadian Public Policy/Analyse de Politiques, September 1999, 25(3), pp. 285-306.
3. Calvo, Guillermo and Reinhart, Carmen M. "When Capital Flows Come to a Sudden Stop: Consequences and Policy Options." Working paper, University of Maryland, 1999.
4. Eichengreen, Barry. European monetary unification: Theory, practice, and analysis. Cambridge, MA: MIT Press, 1997.
5. Flood, Robert P. and Marion, Nancy P. "Perspectives on the Recent Currency Crisis Literature." International Journal of Finance and Economics, January 1999, 4(1), pp. 1-26.
6. Frankel, Jeffrey A. "No Single Currency Regime Is Right for All Countries or at All Times." National Bureau of Economic Research (Cambridge, MA) Working Paper No. 7338, September 1999.
7. Friedman, Milton. "The Case for Flexible Exchange Rates," in Milton Friedman, Essays in positive economics. Chicago: University of Chicago Press, 1953, pp. 157-203.
8. Mann, Catherine L. Market mechanisms to reduce the need for IMF bailouts, International Economic Policy Briefs No. 99-4. Washington, DC: Institute for International Economics, February 1999.
9. McCallum, John. "National Borders Matter: Canada-U.S. Regional Trade Patterns." American Economic Review, June 1995, 85(3), pp. 615-23.
10. McKinnon, Ronald I. "Euroland and East Asia in a Dollar-Based Monetary System: Mundell Revisited." Working paper, Stanford University, August 1999.
11. Moreno-Villalaz, Juan Luis. "Lessons from the Monetary Experience of Panama: A Dollar Economy with Financial Integration." Cato Journal, Winter 1999, 19(3), pp. 421-39.
12. Mundell, Robert A. "A Theory of Optimum Currency Areas." American Economic Review, September 1961, 51(4), pp. 657-65.
13. _. "Uncommon Arguments for Common Currencies," in H. G. Johnson and A. K. Swoboda, eds., The economics of common currencies. Cambridge, MA: Harvard University Press, 1973a, pp. 114-32.
14. _. "A Plan for a European Currency," in H. G. Johnson and A. K. Swoboda, eds., The economics of common currencies. Cambridge, MA: Harvard University Press, 1973b, pp. 143-72.
15. Obstfeld, Maurice and Rogoff, Kenneth. "The Mirage of Fixed Exchange Rates." Journal of Economic Perspectives, Fall 1995, 9(4), pp. 73-96.
16. Rose, Andrew K. "One Money, One Market: Estimating the Effect of Common Currencies of Trade." Working paper, University of California-Berkeley, 20 September 1999.
17. Summers, Lawrence H. "Testimony prepared for the Hearing on Official Dollarization in Emerging-Market Countries." Subcommittees on Economic Policy and International Trade and Finance, Senate Banking, Housing and Urban Affairs Committee, Washington, DC, 22 April 1999.
18. United States Senate. Encouraging official dollarization in emerging markets. Joint Economic Committee Staff Report, Washington, DC, April 1999.
19. Velde, Francois R. and Veracierto, Marcelo. "Dollarization in Argentina." Chicago Fed Letter, June 1999, (142), pp. 1-3.
20. Williamson, John. What role for currency boards? Policy Analyses in International Economics No. 37. Washington, DC: Institute for International Economics, September 1995.
21. Zimbalist, Andrew and Weeks, John. Panama at the crossroads. Berkeley: University of California Press, 1991.