Review On the Welfare Benefits of An International Currency

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On the Welfare Benefits of An International Currency
By:Prakash Kannan
Published on 2007-03-01 by International Monetary Fund

Is it beneficial for a country''s currency to be used internationally? And, if so, can we quantify the benefit? Since the emergence of the euro, there has been great interest in the consequences of a transfer of the US dollar''s premier international role to the euro. Building on recent advancements in the literature on search models of money, this paper presents a novel model-based approach towards assessing the welfare benefits associated with the international use of a country''s currency. The welfare gain for the Euro area in having the euro internationally used ranges from 1.7% to 2.1% of consumption.

This Book was ranked at 6 by Google Books for keyword Currency.

Book ID of On the Welfare Benefits of An International Currency's Books is PK67uZHq2uIC, Book which was written byPrakash Kannanhave ETAG "tU/v5dmrXuE"

Book which was published by International Monetary Fund since 2007-03-01 have ISBNs, ISBN 13 Code is 9781451910667 and ISBN 10 Code is 1451910665

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Book which have "37 Pages" is Printed at BOOK under CategoryBusiness and Economics

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