The Case for the Amero:
The Economics and Politics of a North American Monetary Union
by Herbert G. Grubel
foreword by Gordon Gibson
Contents
- Foreword by Gordon Gibson
- Executive Summary
- The Institutions of a North American Monetary Union
- Optimum Currency Areas
- Efficiency Gains from Monetary Union
- The Costs: Loss of Economic, Political, and Cultural Sovereignty
- What Is in It for the Americans?
- Alternatives to the Amero
- Some Other Important Issues
- The Politics of Monetary Union
- Appendix: Assessing Alternative Approaches to Exchange Rate Fixity
- Notes
- References
- Acknowledgments
Click here to view a PDF version of this document (1.1MB)
Acknowledgments
I am grateful to the John Dobson Foundation whose generous endowment of the David Somerville Chair has made it possible for me to write this paper at the Fraser Institute after my mandatory retirement from Simon Fraser University at age 65. I thank Michael Walker for comments on the first draft and acknowledge the valuable insights gained during the Western Washington Conference on Monetary Union on April 30, 1999. My special thanks also go to Benjamin Cohen and William Robson who made some valuable, detailed comments on a later draft of the paper. Remaining errors of fact or judgement are mine.
Critical Issues Bulletins
Critical Issues Bulletins are published from time to time by The Fraser Institute (Vancouver, British Columbia, Canada) as supplements to Fraser Forum, the Institute's monthly periodical. Critical Issues Bulletins are comprehensive studies of single issues of critical importance for public policy.
The authors have worked independently and opinions expressed by them are, therefore, their own, and do not necessarily reflect the opinions of the members or the trustees of The Fraser Institute.
For additional copies of Critical Issues Bulletins, any of our other publications, or a catalogue of the Institute's publications, call our toll-free order line: 1-800-665-3558 or visit our web site at http://www.fraserinstitute.ca.
For information about publications of The Fraser Institute and about ordering, please contact Lucretia Cullen
via telephone: (604) 688-0221, ext. 580
via fax: (604) 688-8539
via e-mail: publications@fraserinstitute.ca.
Copyright© 1999 by The Fraser Institute
Date of Issue: September 1999
Printed in Canada
Canadian Publications Mail
Sales Product Agreement #0087246
ISSN 1480-3666
Editing and design:
Kristin McCahon and
Lindsey Thomas Martin
Image for front cover copyright©
Michael Shumate, The Image Bank
source : oldfraser.lexi.net
No comments:
Post a Comment