Description:Why should a developing country surrender its power to create money by adopting an international currency as its own? This comprehensive book explores the currency problems that developing countries face and offers sound, practical advice for policymakers on how to deal with them. 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 manoeuvres, coaches the President of a mythical country into financial ruin and purchases its entire assets for $1.50. The path this ruler took is one taken by several developing countries and has resulted in financial crises and political upheaval. Hinds goes on to introduce new ways of thinking about financial systems and monetary behavior in Third World countries. He provides an essential, incisive guide not only to making currency decisions but also to executing them successfully.We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with Playing Monopoly with the Devil: Dollarization and Domestic Currencies in Developing Countries. a Council on Foreign Relations Book.. To get started finding Playing Monopoly with the Devil: Dollarization and Domestic Currencies in Developing Countries. a Council on Foreign Relations Book., you are right to find our website which has a comprehensive collection of manuals listed. Our library is the biggest of these that have literally hundreds of thousands of different products represented.
Pages
255
Format
PDF, EPUB & Kindle Edition
Publisher
Yale University Press
Release
2010
ISBN
1281730548
Playing Monopoly with the Devil: Dollarization and Domestic Currencies in Developing Countries. a Council on Foreign Relations Book.
Description: Why should a developing country surrender its power to create money by adopting an international currency as its own? This comprehensive book explores the currency problems that developing countries face and offers sound, practical advice for policymakers on how to deal with them. 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 manoeuvres, coaches the President of a mythical country into financial ruin and purchases its entire assets for $1.50. The path this ruler took is one taken by several developing countries and has resulted in financial crises and political upheaval. Hinds goes on to introduce new ways of thinking about financial systems and monetary behavior in Third World countries. He provides an essential, incisive guide not only to making currency decisions but also to executing them successfully.We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with Playing Monopoly with the Devil: Dollarization and Domestic Currencies in Developing Countries. a Council on Foreign Relations Book.. To get started finding Playing Monopoly with the Devil: Dollarization and Domestic Currencies in Developing Countries. a Council on Foreign Relations Book., you are right to find our website which has a comprehensive collection of manuals listed. Our library is the biggest of these that have literally hundreds of thousands of different products represented.