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

Author

Listed:
  • Richard N. Cooper

    (Harvard University)

  • Michael Bordo

    (Economics Department, Rutgers University and Harvard University)

  • Harold James

    (History Department and Woodrow Wilson School, Princeton University)

Abstract

No abstract is available for this item.

Suggested Citation

  • Richard N. Cooper & Michael Bordo & Harold James, 2006. "What About a World Currency? Proposal for a Common Currency among Rich Democracies. One World Money, Then and Now," Working Papers 44, Bank of Greece.
    • 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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    References listed on IDEAS

    as
    1. Mundell, Robert, 2012. "The case for a world currency," Journal of Policy Modeling, Elsevier, vol. 34(4), pages 568-578.
    2. 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.
    3. Michael Bordo & Harold James, 2006. "One world money, then and now," International Economics and Economic Policy, Springer, vol. 3(3), pages 395-407, December.
    4. Broda, Christian, 2004. "Terms of trade and exchange rate regimes in developing countries," Journal of International Economics, Elsevier, vol. 63(1), pages 31-58, May.
    Full references (including those not matched with items on IDEAS)

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    Keywords

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    JEL classification:

    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics
    • F15 - International Economics - - Trade - - - Economic Integration
    • F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions

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