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Weighing the Costs and Benefits of Monetary Unions

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Weighing the Costs and Benefits of Monetary Unions

Regional Monetary Integration, by Council Adjunct Senior Fellow for International Economics Peter B. Kenen and American University professor of economics Ellen E. Meade, poses an important question: Should various country groups in North and South America and in East Asia form full-fledged monetary unions similar to the European Monetary Union? The authors explore the effect that action might have on the role of the International Monetary Fund (IMF) and the dollar.


By CFR, USA.


Governance Policy Resource.