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One World, One Currency: Exploring The Issues

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  • MARTHA A. STARR

Abstract

Along with globalization of trade and finance has come a certain globalization of money. Some countries have adopted monetary unions and currency boards; others increasingly use international currencies in place of national monies. This article explores the idea of a global money—framed here as a voluntary, representative arrangement based on accepted principles for optimal conduct monetary policy. It argues that if the current pace of economic and financial integration continues, a global money may emerge that is better adapted to internationalization of production and exchange—although such a change may be a long time in coming. (JEL F330, F360, E420)

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  • Martha A. Starr, 2006. "One World, One Currency: Exploring The Issues," Contemporary Economic Policy, Western Economic Association International, vol. 24(4), pages 618-633, October.
    • Handle: RePEc:bla:coecpo:v:24:y:2006:i:4:p:618-633
    DOI: 10.1093/cep/byl006
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    2. Zura Kakushadze & Willie Yu, 2019. "iCurrency?," Papers 1911.01272, arXiv.org, revised Nov 2019.

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