Currency Competition and Monetary Union

  • Pascal Salin

Part of the Financial and Monetary Policy Studies book series (FMPS, volume 8)

Table of contents

  1. Front Matter
    Pages I-IX
  2. General introduction

    1. Pascal Salin
      Pages 1-26
  3. Currency competition

    1. Front Matter
      Pages 27-27
    2. Friedrich A. Hayek, Milton Friedman, Emil Maria Claassen
      Pages 29-58
    3. Roland Vaubel, Arthur Shenfield, Frédéric Boyer de la Giroday, Leonard P. Liggio
      Pages 59-93
    4. Pedro Schwartz, David O’Mahony, Lawrence H. White
      Pages 95-134
  4. Monetary union

    1. Front Matter
      Pages 171-171
    2. Pascal Salin
      Pages 173-178
    3. Pascal Salin
      Pages 179-214
    4. Niels Thygesen, Pieter Korteweg, Pascal Salin
      Pages 215-246
    5. Harmen Lehment, Paul de Grauwe
      Pages 247-262
    6. Robert Miller, Nasser Saïdi, Hans W. J. Bosman
      Pages 263-278
    7. Pascal Salin
      Pages 279-285
  5. Back Matter
    Pages 287-298

About this book


Pascal Salin Many of the texts which have been used for the present book were presented as papers at a conference organized in Brussels by Michiel van Notten for the 1 Institutum Europaeum in December 1980on the subject of European Monetary Union and Currency Competition. However, this book is more than the mere proceedings of a conference. It aims at presenting the reader with an homogenous text, not a patchwork of papers, in spite of the large number of contributors. Though it would be absurd to pretend that these contributors -some of whom are prominent thinkers - agree on everything, their dissenting opinions do not go beyond the usual qualifications one may find in a book of which the final direction is quite clear, but where the requirement of intellectual strictness leads to the analysis of both the pros and the cons of a problem. It may also seem to some that this book deals with two different subjects, currency competition and monetary union, which have been joined together more or less randomly. We believe, however, that this impression will be dis­ pelled as soon as they commence reading. Both sections of the book deal with one and the same topic: the optimal organization of a monetary system. Present efforts to achieve European monetary unification all suffer from the same preju­ dices with respect to the organization of the monetary systems within each country and within the world as a whole.


European Monetary Union USA banking competition exchange rates history of economic thought integration liberalization monetary union organization organizations science and technology stability

Editors and affiliations

  • Pascal Salin
    • 1
  1. 1.Université Paris-IX-DauphineParisFrance

Bibliographic information

  • DOI
  • Copyright Information Springer Science+Business Media B.V. 1984
  • Publisher Name Springer, Dordrecht
  • eBook Packages Springer Book Archive
  • Print ISBN 978-94-009-6079-4
  • Online ISBN 978-94-009-6077-0
  • Buy this book on publisher's site
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