Playing Monopoly with the Devil: Dollarization and Domestic Currencies in Developing Countries (Council on Foreign Relations Book)
| Author | : | |
| Rating | : | 4.98 (783 Votes) |
| Asin | : | 0300113307 |
| Format Type | : | paperback |
| Number of Pages | : | 304 Pages |
| Publish Date | : | 2017-08-28 |
| Language | : | English |
DESCRIPTION:
“In this remarkably lucid and fun book, Manuel Hinds explodes any remaining myths about the need for most countries to maintain their own currencies. For a watertight explanation of how and why dollarization makes eminent sense, one couldn’t do better than read this book.”—Robert Litan, Vice President for Research and Policy at the Kauffman Foundation, Senior Fellow at the Brookings Institution, and co-author of Financial Statecraft
Great book, help you to understand dollarization issue. you will love it . it give you a clear and crispy picture about dollarization policy,currany trade,and the cost of stability i love this book.
Manuel Hinds, who has extensive experience in real-world economic policy making, challenges the myths that surround domestic currencies and shows the clear rationality for dollarization or the use of a standard international currency.The book opens with an entertaining story of the Devil, who, through a series of common macroeconomic maneuvers, coaches the president of a mythical country into financial ruin. Hinds goes on to introduce new ways of thinking about financial systems and monetary behavior in Third World countries.. This ruler’s path is not