Policy Implications of Trade and Currency Zones

Policy Implications of Trade and Currency Zones

A symposium sponsored by the Federal Reserve Bank of Kansas City
Jackson Hole, Wyoming
August 22-24, 1991

Full publication

Opening Remarks
Alan Greenspan
The Move Toward Free Trade Zones
Paul Krugman
Commentary
C. Fred Bergsten

THE RELATIONSHIP BETWEEN TRADE AND CURRENCY ZONES
The Transformation of Trade and Monetary Regimes in Europe
Michael Emerson
Does One Market Require One Money?
Martin Feldstein
One Market, One Money? Well, Maybe ... Sometimes ...
David E. W. Laidler

Characteristics and Implications of Different Types of Currency Areas
Miguel Mancera
The Relationship Between Trade and Currency Zones
Salvatore Zecchini
Financial Market Implications of Trade and Currency Zones
Andrew D. Crockett
Commentary
John G. Heimann
Mexico's Macroeconomic Adjustment and Growth Perspectives
Pedro Aspe
Macroeconomic Policy Implications of Currency Zones
Jacob A. Frenkel
Commentary
Michael Mussa

Commentary
Tommaso Padoa-Schioppa

GLOBAL IMPLICATIONS OF TRADE AND CURRENCY ZONES

U.S. Leadership and Postwar Progress
Allan Meltzer
Commentary
Leonhard Gleske
Commentary
Kumiharu Shigehara

OVERVIEW PANELISTS
General Remarks on Trade Zones and the Uruguay Round
Charles R. Carlisle
European Integration and the World Economy
Jacques De Larosiere
Regionalism and the World Trading System
Lawrence H. Summers

CLOSING REMARKS

John W. Crow