Integration and Stabilization: A Monetary View

(Hardback)

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This study argues that owing to the wide diversity of nations, their often conflicting policies, and insistence on preserving their sovereignty, the processes of worldwide integration are facilitated by tying these countries together in a system of flexible exchange rates externally, while putting in place a rules-oriented monetary regime internally. The examination of the various issues involved in such an arrangement focuses on money and monetary policy drawing on historical, theoretical, philosophical and empirical results.

Author Bio

GEORGE MACESICH is Professor of Economics and Director of the Institute for Comparative Policy Studies at Florida State University. He is the author of many books including Successor States and Cooperative Theory (Praeger, 1995), Monetary Reform in Former Socialist Economies with D. Dimitrijevic (Praeger, 1994), and Monetary Policy and Politics (Praeger, 1992).