The Economics of Common Currencies: Proceedings of the Madrid Conference on Optimum Currency Areas by Edited by Harry G. Johnson & Alexander K. Swoboda

The Economics of Common Currencies: Proceedings of the Madrid Conference on Optimum Currency Areas by Edited by Harry G. Johnson & Alexander K. Swoboda soon to be presented for sale on the lustrous BookLovers of Bath web site!

Published: London: George Allen & Unwin, 1973, Hardback in dust wrapper.

Contains: Graphs; Tables;

From the cover: The call for a European monetary and economic union lends particular relevance to the study of the economics of common currencies. This volume gathers together the papers presented at the Madrid Conference on Optimum Currency Areas by some of the worlds leading specialists in the subject. It consequently represents one of the first complete surveys of the theory and policy implications of monetary integration. The Conference, organized by the father of optimum currency area theory, Professor Robert Mundell, was born from a conviction that in this case theory is highly relevant to contemporary problems of international monetary organization.

Part I deals with the economics of fixed exchange rates relevant to monetary relations within an integrated monetary area. It contains several original contributions to the subject. Part II, the central part, focuses on the economics of common currencies. It provides, first, a brief history of the evolution of economic doctrine and a survey of optimum currency area theory. The theory is then extended and completed in a major contribution by Robert Mundell. Other topics dealt with include: problems of policy co-ordination within a currency area; relevance of the monetary-fiscal policy mix; problems of monetary union in developing countries; and a plan for a European currency. Part III presents the case for greater flexibility of exchange rates as an alternative to currency unification.

This book, edited by Harry G. Johnson, one of the worlds leading economists, and Alexander K. Swoboda, one of the outstanding younger European specialists in international monetary and financial problems, should prove of interest to all students of international monetary problems, and of particular relevance to all those concerned with the theory and practice of monetary integration.

Introduction by: Robert A. Mundell

Very Good in Good Dust Wrapper. Heavily faded at the spine of the dust wrapper which has tape repairs to the spine ends. Previous owners’ name stamp to the first blank. Text complete, clean and tight otherwise.

Blue boards with Silver titling to the Spine. 302 pages. Index. 8¾” x 5½”.

Of course, if you don’t like this one, may I fascinate you with a carefully selected medley featured in my Economics catalogue?

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