Jump to ContentJump to Main Navigation
Playing Monopoly with the DevilDollarization and Domestic Currencies in Developing Countries$
Users without a subscription are not able to see the full content.

Manuel Hinds

Print publication date: 2006

Print ISBN-13: 9780300113303

Published to Yale Scholarship Online: October 2013

DOI: 10.12987/yale/9780300113303.001.0001

Show Summary Details
Page of

PRINTED FROM YALE SCHOLARSHIP ONLINE (www.yale.universitypressscholarship.com). (c) Copyright Yale University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in YSO for personal use.date: 27 November 2021

Conclusions

Conclusions

Chapter:
(p.232) Chapter 13 Conclusions
Source:
Playing Monopoly with the Devil
Author(s):

Manuel Hinds

Publisher:
Yale University Press
DOI:10.12987/yale/9780300113303.003.0014

This chapter summarizes the conclusions of the analysis presented in the book. It argues that a developing country should surrender its power to create money by adopting an international currency as its own because it is the only way in which it may access a truly optimal currency area. The chapter discusses how the idea that detaching submarkets from bigger ones may be optimal also goes against the grain of globalization—a process which is increasing the productivity of all its participants by rearranging production in accordance with competitive advantages. In particular, it goes against the grain of financial globalization. This is truly odd because monetary and financial economics are so intertwined that it is sometimes very difficult to ascertain when one ends and the other starts.

Keywords:   developing country, international currency, globalization, financial economies, currency area

Yale Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us.