Under the direction of Nobel laureate Robert A. Mundell and Paul J. Zak, eminent contributors to Monetary Stability and Economic Growth offer a unique insight into the way that economists analyze the causes of money (mis)management in the US, Latin America, Europe and Japan, and prescribe stabilizing reforms. Their lively discussion provides answers to various questions including: ? How does monetary stability affect economic growth? ? How can nations best achieve monetary stability? ? When is monetary union desirable? ? Which anchors for monetary stability are likely to be most effective? ? How will the euro affect financial markets and the international monetary system? ? Is international monetary reform possible, and how can it be achieved? The mechanisms that link monetary policy - including foreign exchange regimes and the international monetary system - to economic performance are examined, and the ways in which countries...

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