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St Antony's Series

The Economics of International Payments Unions and Clearing Houses

Theory and Measurement

Authors: Auguste, Byron G.

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eBook $69.99
price for USA (gross)
  • ISBN 978-1-349-25517-7
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Softcover $89.99
price for USA
  • ISBN 978-1-349-25519-1
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
About this book

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?

Table of contents (15 chapters)

  • Introduction

    Auguste, Byron Gerald

    Pages 1-8

  • Clearing Arrangements in Domestic and International Payments Systems

    Auguste, Byron Gerald

    Pages 11-32

  • The Structure of Regional Payments Arrangements

    Auguste, Byron Gerald

    Pages 33-51

  • The Effects of a Clearing Union: A Benchmark Model

    Auguste, Byron Gerald

    Pages 52-81

  • The Effects of a Payments Union: A Stochastic Analysis

    Auguste, Byron Gerald

    Pages 82-97

Buy this book

eBook $69.99
price for USA (gross)
  • ISBN 978-1-349-25517-7
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Softcover $89.99
price for USA
  • ISBN 978-1-349-25519-1
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.

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Bibliographic Information

Bibliographic Information
Book Title
The Economics of International Payments Unions and Clearing Houses
Book Subtitle
Theory and Measurement
Authors
Series Title
St Antony's Series
Copyright
1997
Publisher
Palgrave Macmillan UK
Copyright Holder
Byron G. Auguste
eBook ISBN
978-1-349-25517-7
DOI
10.1007/978-1-349-25517-7
Softcover ISBN
978-1-349-25519-1
Edition Number
1
Number of Pages
XVIII, 306
Topics