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Alberto Alesina
Hoover Institution Press

Currency Unions

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AuthorAlberto Alesina
PublisherHoover Institution Press
PublishedOct 01 2001
Book FormatHardcover
ISBN-139780817928476
Dimensions-
Weight-
BISAC
CategoriesBusiness & Economics > Foreign Exchange
LanguageEnglish

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Book Description

Currency Unions reviews the traditional case for flexible exchange rates and countercyclical--that is, expansionary during recessions and contractionary in booms--monetary policy, and shows how flexible exchange rate regimes can better insulate the economy from such real disturbances as terms-of-trade shocks. The book also looks at the pitfalls of flexible exchange rates--and why fixed rates, particularly full dollarization--might be a more sensible choice for some emerging-market countries. The contributors also detail the factors that determine the optimal sizes of currency unions, explain how currency union greatly expands the volume of international trade among its members, and examine the recent implementation of dollarization in Ecuador.

Author Bio

Alberto Alesina was a leader in the field of Political Economics and has published extensively in all major academic journals in economics. He has published five books and edited many more. His two most recent books are The Future of Europe: Reform or Decline, published by MIT Press, and Fighting Poverty in the US and Europe: A World of Difference, published by Oxford University Press. He was a co-editor of the Quarterly Journal of Economics for eight years and associate editor of many academic journals.

Alberto Alesina, born in Italy in 1957, was the Nathaniel Ropes Professor of Political Economy at Harvard University. He served as Chairman of the Department of Economics from 2003 - 2006. He obtained his Ph.D. from Harvard in 1986. He was also a member of the National Bureau of Economic Research and the Center for Economic Policy Research. He was a member of the Econometric Society and of the American Academy of Arts and Sciences.

He was a leader in the field of Political Economics and has published extensively in all major academic journals in economics. He has published five books and edited many more. His two most recent books are The Future of Europe: Reform or Decline, published by MIT Press, and Fighting Poverty in the US and Europe: A World of Difference, published by Oxford University Press. He was a Co-editor of the Quarterly Journal of Economics for eight years and Associate Editor of many academic journals. He has published columns in many leading newspapers around the world and has visited several institutions including MIT, Tel Aviv University, University of Stockholm, The World Bank, and the IMF.

His work has covered a variety of topics: political business cycles, the political economy of fiscal policy and budget deficits, the process of European integration, stabilization policies in high inflation countries, the determination of the size of countries, currency unions, the political economic determinants of redistributive policies, differences in the welfare state in the US and Europe and, more generally, differences in the economic system in the US and Europe, the effect of alternative electoral systems on economic policies, and the determination of the choice of different electoral systems.

Source: Harvard University Department of Economics

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