The Economics of International Payments Unions and Clearing Houses
Theory and Measurement
Authors: Auguste, Byron G.
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- About this book
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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. 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)
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Introduction
Pages 1-8
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Clearing Arrangements in Domestic and International Payments Systems
Pages 11-32
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The Structure of Regional Payments Arrangements
Pages 33-51
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The Effects of a Clearing Union: A Benchmark Model
Pages 52-81
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The Effects of a Payments Union: A Stochastic Analysis
Pages 82-97
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Table of contents (15 chapters)
Bibliographic Information
- Bibliographic Information
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- Book Title
- The Economics of International Payments Unions and Clearing Houses
- Book Subtitle
- Theory and Measurement
- Authors
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- Byron G. Auguste
- 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
