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Playing Monopoly with the Devil: Dollarization and Domestic Currencies in Developing Countries
Manuel Hinds
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€ 42.14
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Description for Playing Monopoly with the Devil: Dollarization and Domestic Currencies in Developing Countries
Hardback. 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 practical advice for policymakers on how to deal with them. Num Pages: 296 pages, black & white illustrations. BIC Classification: 1KBB; KCL; KCP. Category: (G) General (US: Trade); (P) Professional & Vocational. Dimension: 234 x 156 x 20. Weight in Grams: 634.
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 policy makers 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 maneuvers, coaches the president of a ... Read more
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 policy makers 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 maneuvers, coaches the president of a ... Read more
Product Details
Format
Hardback
Publication date
2006
Publisher
Yale University Press United States
Number of pages
296
Condition
New
Number of Pages
304
Place of Publication
, United States
ISBN
9780300113303
SKU
V9780300113303
Shipping Time
Usually ships in 7 to 11 working days
Ref
99-1
About Manuel Hinds
Manuel Hinds is a consultant to international institutions and governments on issues related to the financial system. He was chief adviser to the president of El Salvador on the dollarization of the country in 2000-2001.
Reviews for Playing Monopoly with the Devil: Dollarization and Domestic Currencies in Developing Countries
“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 ... Read more