The Economics of International Payments Unions and Clearing Houses : Theory and Measurement
1st ed. 1997
Book Details
Format
Paperback / Softback
Book Series
St Antony's Series
ISBN-10
134925519X
ISBN-13
9781349255191
Edition
1st ed. 1997
Publisher
Palgrave Macmillan
Imprint
Palgrave Macmillan
Country of Manufacture
GB
Country of Publication
GB
Publication Date
Jan 1st, 1997
Print length
306 Pages
Product Classification:
Macroeconomics
Ksh 8,100.00
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0 in stock
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International payments unions and clearing houses have been employed by 88 countries in Europe, Asia, Africa, Latin America and the Caribbean to liberalise regional trade and payments during the past 50 years.
International payments unions and clearing houses have been employed by 88 countries in Europe, Asia, Africa, Latin America and the Caribbean to liberalise regional trade and payments during the past 50 years. Yet, their impact on participating countries has not been well understood. When the republics of the former Soviet Union were deciding on new monetary regimes, many economists proposed a payments union but could not estimate its potential benefits or risks. This book presents the first fully articulated theory of international payments unions and clearing houses in order to answer the questions: When should a country choose to participate in a payments union? What benefits and costs have actually resulted from existing and past clearing houses? When should countries in a clearing house seek to form a payments union?
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