Currency Crises, Monetary Union and the Conduct of Monetary Policy

Currency Crises, Monetary Union and the Conduct of Monetary Policy is a book of debate and analysis by some of the world's most eminent economists, on problems relating to the international monetary system, economic growth and monetary policy.This highly readable book features contributions from illustrious scholars including four Nobel laureates in economics - Milton Friedman, Franco Modigliani, Paul A. Samuelson and James Tobin. They hold a lively discussion on the impact of monetary policy on economic growth, unemployment and inflation, in both developing and developed countries. The authors also examine the effects of European Monetary Union on the international monetary system and whether this union will survive to include more than just a few founding countries. In addition, the assembled experts investigate the conditions that lead to currency crises in developing countries and propose policies that can be used to combat such crises. This impressive volume is a lightly-edited chronicle of a vigorous debate among leading economists, and contains an introduction that puts the discussions in context.

This accessible and thought-provoking volume will be of interest to specialists in international monetary economics, and to undergraduate and graduate students, and members of the general public who seek a clearer understanding of current economic issues and solutions to economic problems.