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What About a World Currency? Proposal for a Common Currency among Rich Democracies. One World Money, Then and Now

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Author Info

  • Richard N. Cooper

    (Harvard University)

  • Michael Bordo

    (Economics Department, Rutgers University and Harvard University)

  • Harold James

    (History Department and Woodrow Wilson School, Princeton University)

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File URL: http://www.bankofgreece.gr/BogEkdoseis/Paper200644.pdf
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Bibliographic Info

Paper provided by Bank of Greece in its series Working Papers with number 44.

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Length: 41 pages
Date of creation: Jun 2006
Date of revision:
Handle: RePEc:bog:wpaper:44

Note: On February 24-25, 2006 an international workshop on “Regional and International Currency Arrangements” was held in Vienna. It was co-sponsored by the Oesterreichische Nationalbank and the Bank of Greece, and jointly organized by Eduard Hochreiter and George Tavlas. Academic economists and researchers from central banks and international organizations presented and discussed current research, and reviewed and assessed the past experience with, and the future challenges of, international currency arrangements. A number of papers and the contributions by the discussants presented at this workshop are being made available to a broader audience in the Working Paper series of the Bank of Greece and simultaneously also in the Working Paper Series of the Oesterreichische Nationalbank. The papers and the discussants’ comments will be published in the journal, International Economics and Economic Policy. Here we present the sixth of these Working Papers. (The previous five were issued as Bank of Greece Working Papers No. 39 to 43.) This Working Paper contains two papers on the topic “What About a World Currency?”; one more affirmative, the other more critical. In addition to the papers by Richard Cooper and Michael Bordo and Harold James, the Working Paper also contains the contribution of the discussant, Sergio Schmukler.
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Keywords: Regional and International Currency Arrangements;

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  1. Duarte, Margarida & Obstfeld, Maurice, 2008. "Monetary policy in the open economy revisited: The case for exchange-rate flexibility restored," Journal of International Money and Finance, Elsevier, vol. 27(6), pages 949-957, October.
  2. Mundell, Robert, 2012. "The case for a world currency," Journal of Policy Modeling, Elsevier, vol. 34(4), pages 568-578.
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