The Case for the Amero:
The Economics and Politics of a North American Monetary Union
by Herbert G. Grubel
foreword by Gordon Gibson
Contents
- Foreword by Gordon Gibson
- Executive Summary
- The Institutions of a North American Monetary Union
- Optimum Currency Areas
- Efficiency Gains from Monetary Union
- The Costs: Loss of Economic, Political, and Cultural Sovereignty
- What Is in It for the Americans?
- Alternatives to the Amero
- Some Other Important Issues
- The Politics of Monetary Union
- Appendix: Assessing Alternative Approaches to Exchange Rate Fixity
- Notes
- References
- Acknowledgments
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Acknowledgments
I am grateful to the John Dobson Foundation whose generous endowment of the David Somerville Chair has made it possible for me to write this paper at the Fraser Institute after my mandatory retirement from Simon Fraser University at age 65. I thank Michael Walker for comments on the first draft and acknowledge the valuable insights gained during the Western Washington Conference on Monetary Union on April 30, 1999. My special thanks also go to Benjamin Cohen and William Robson who made some valuable, detailed comments on a later draft of the paper. Remaining errors of fact or judgement are mine.
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Copyright© 1999 by The Fraser Institute
Date of Issue: September 1999
Printed in Canada
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ISSN 1480-3666
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