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Additional Physical Format: | Print version: Hinds, Manuel. Playing monopoly with the devil. New Haven : Yale University Press, ©2006 (DLC) 2006006465 |
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Material Type: | Document, Internet resource |
Document Type: | Internet Resource, Computer File |
All Authors / Contributors: |
Manuel Hinds |
OCLC Number: | 928702030 |
Notes: | "A Council on Foreign Relations book." |
Description: | 1 online resource (xxxix, 255 p.) : ill |
Contents: | The standard of value and the reversed liquidity trap -- The unfulfilled promises in the financial system -- The unfulfilled promises in trade and growth -- The costs of stability -- Missing financial globalization -- The financial risks of monetary regimes -- The currency origins of financial crises -- The myth of the lender of last resort -- The solution of crises and the aftermath -- The counterfactuals -- The conventional optimal currency area theory -- Toward a redefinition of an optimal currency area. |
Responsibility: | Manuel Hinds. |
Reviews
Publisher Synopsis
"Dollarization as a policy idea is much more discussed than tested. Manuel Hinds has helped put it to the test in El Salvador with some impressive results. This book makes a powerful argument: It should be read by all who wish to act or opine on the critical question of whether one country, one currency is right for the twenty-first century."-Lawrence Summers, former Secretary of the Treasury of the United States and president of Harvard University -- Lawrence Summers "In this remarkably lucid and fun book, Manuel Hinds explodes any remaining myths about the need for most countries to maintain their own currencies. For a watertight explanation of how and why dollarization makes eminent sense, one couldn't do better than read this book."-Robert Litan, Vice President for Research and Policy at the Kauffman Foundation, Senior Fellow at the Brookings Institution, and co-author of Financial Statecraft -- Robert Litan Read more...

