Currency Areas, Exchange Rate Systems and International Monetary Reform

Abstract

I. Introduction II. The Pre-Eminence of the Dollar III. The Fate of the Gold Standard IV. Currency Areas and Currency Unions V. The Importance of Monetary Rules VI. Monetary Arrangements in Free Trade Areas and Customs Unions VII. Central Banks, Dollarization and the Maastricht Conditions VIII. Exchange Rate Volatility and Internal vs. External Stability IX. Towards a World Currencypower configuration; currency areas; monetary rules; financial integration; world currency