Gathering together the papers presented at the Madrid Conference on
Optimum Currency Areas in 1970 this volume represents one of the
first complete surveys of the theory and policy implication of
monetary integration. The book discusses: the economics of fixed
exchange rates relevant to monetary relations within an integrated
monetary area the evolution of economic doctrine and a survey of
optimum currency area theory problems of policy co-ordination
within a currency area relevance of the monetary-fiscal policy mix
problems of monetary union in developing countries the book
predicted the establishment of an European currency but presented
the case for greater flexibility of exchange rates as an
alternative to currency unification.
General
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