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Britain and Canada and Their Large Neighboring Monetary Unions

Editat de Amy Verdun
en Limba Engleză Paperback – 16 oct 2006
A traveller who has visited both Britain and Canada will no doubt have noted that both Britain and Canada share the same head of state on their banknotes and coins: Queen Elizabeth II. Of course, though the Queen is an important symbolic figure to the United Kingdom (UK), the Queen plays a less prominent role in the Canadian national identity. Yet one should not underestimate her importance. Besides this observation there are a number of more substantial similarities that these two countries share. They are both located next door to a neighbouring monetary union that has a leading currency that has been adopted by other countries in an attempt to increase their economic prosperity. Britain is confronted with the European Union (EU) and its Economic and Monetary Union (EMU) or the 'eurozone' an area of twelve EU Member States in which the Euro is the single currency. Canada's neighbour to the south is the United States of America (US) that has the world's leading currency which has been adopted by other states in the region and beyond. One can differ in opinion over whether the US is a monetary union in the conventional sense, but there is no doubt that the US is a currency union, one of its many features as a federal state. Furthermore, there have been talks about creating an actual North American Monetary Union (NAMU) which would expand the use of the dollar into Canada and Mexico. At a time in which the discussion revolves around the future of (smaller) national currencies, this special issue looks at the question of monetary integration for the cases of Britain and Canada. This book adopts a comparative, multi- and interdisciplinary perspective on these matters.
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Specificații

ISBN-13: 9781600210716
ISBN-10: 1600210716
Pagini: 284
Ilustrații: tables & charts
Dimensiuni: 182 x 260 x 23 mm
Greutate: 0.79 kg
Editura: Nova Science Publishers Inc

Cuprins

Preface; God Save the Queen: Britain and Canada and their Large Neighbouring Monetary Unions; Optimum Currency Area and Political Economy Approaches to Exchange Rate Regimes: Towards an Analytical Synthesis; Economic Theory as a Decision Tool: OCA Theory the UK and the Euro; Canadas Monetary Choices in North America and their Dubious Parallels with Britains in Europe; Exchange Rate Policy in Canada: Lessons from the Past, Implications for the Future; Canadas Exercise of National Monetary Sovereignty: Beneficial or Harmful; Comparing Britain and Canada with their Neighbours: What Can Clustering Tell Us; To Join or Not To Join: Canada, Britain and the Politics of Monetary Union; The Domestic Politics of British Policy on the Euro; North American Monetary Union: A United States Perspective; Dollarisation or a North American Common Market? Reviewing the Options for Canada; The "Tyranny of Geography" and "Contingent Neoliberalism": Canadas Currency Debate in Comparative Context; What Can We Learn From the EMU Model? Lessons for Canada and Britain; Would Monetary Integration with the United States Threaten the Canadian Social Model? Insights from European Monetary Unification; Index.