Currency Unions

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A diverse group of experts on international monetary policy examines the basic conceptual issues of currency unions and other monetary regimes, including flexible and fixed exchange rates; assesses the available empirical evidence on the performance of these alternative monetary systems; and draws policy conclusions on the desirability of currency unions for countries in various circumstances. Contributors: Alberto Alesina. Robert J. Barro, Eduardo Borensztein, Christian Broda, Guillermo A. Calvo, Felipe Cespedes, Roberto Chang, Charles Engel, Stanley Fischer, Jeffrey A. Frankel, Maurice Obstf...