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Britain and Canada and Their Large Neighboring Monetary Unions
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Editors: Amy Verdun (University of Victoria, Canada)
Book Description:
A traveler who has visited both Britain and Canada will no doubt have noted that both Britain and Canada share the same head of state on their banknotes and coins: Queen Elizabeth II. Of course, though the Queen is an important symbolic figure to the United Kingdom (UK), the Queen plays a less prominent role in the Canadian national identity. Yet one should not underestimate her importance. Besides this observation there are a number of more substantial similarities that these two countries share. They are both located next door to a neighboring monetary union that has a leading currency that has been adopted by other countries in an attempt to increase their economic prosperity. Britain is confronted with the European Union (EU) and its Economic and Monetary Union (EMU) or the 'eurozone' an area of twelve EU Member States in which the Euro is the single currency. Canada's neighbor to the south is the United States of America (US) that has the world's leading currency which has been adopted by other states in the region and beyond. One can differ in opinion over whether the US is a monetary union in the conventional sense, but there is no doubt that the US is a currency union, one of its many features as a federal state. Furthermore, there have been talks about creating an actual North American Monetary Union (NAMU) which would expand the use of the dollar into Canada and Mexico. At a time in which the discussion revolves around the future of (smaller) national currencies, this special issue looks at the question of monetary integration for the cases of Britain and Canada. This book adopts a comparative, multi- and interdisciplinary perspective on these matters.

Table of Contents:
Chapter Availability

Individual chapters are available for $25 each by sending an email to Nova will provide the chapter for your easy downloading or send it as an email attachment if you prefer.


Chapter 1.- ‘God Save the Queen’: Britain and Canada and their Large Neighboring Monetary Unions; pp. 1-18
(Amy Verdun, Melissa Padfield, University of Victoria, Canada and Patricia Young, Rutgers University, USA);

Chapter 2.- Optimum Currency Area and Political Economy Approaches to Exchange Rate Regimes: Towards an Analytical Synthesis; pp. 19-39 (Thomas D. Willett, The Claremont Colleges, USA);

Chapter 3.- Economic Theory as a Decision Tool: OCA Theory the UK and the Euro; pp. 41-54
(Michael Artis, European University Institute);

Chapter 4.- Canada’s Monetary Choices in North America and their Dubious Parallels with Britain’s in Europe; pp. 55-75
(David Laidler, University of Western Ontario, Canada);

Chapter 5.- Exchange Rate Policy in Canada: Lessons from the Past, Implications for the Future; pp. 77-97
(Lawrence Schembri, Bank of Canada);

Chapter 6.- Canada’s Exercise of National Monetary Sovereignty: Beneficial or Harmful; pp. 99-114
(Herbert Grubel, Simon Fraser University and The Fraser Institute, Canada);

Chapter 7.- Comparing Britain and Canada with their Neighbors: What Can Clustering Tell Us; pp. 115-132
(Patrick M. Crowley);

Chapter 8.- To Join or Not To Join: Canada, Britain and the Politics of Monetary Union; pp. 133-148
(Eric Helleiner, Trent University, Canada);

Chapter 9.- The Domestic Politics of British Policy on the Euro; pp. 149-167 (David Howarth);

Chapter 10.- North American Monetary Union: A United States Perspective; pp. 169-184
(Benjamin J. Cohen, University of California at Santa Barbara);

Chapter 11.- Dollarization or a North American Common Market? Reviewing the Options for Canada; pp. 185-201
(Alvaro S. Pereira, University of British Columbia, Canada);

Chapter 12.- The “Tyranny of Geography” and “Contingent Neoliberalism”: Canada’s Currency Debate in Comparative Context; pp. 203-222
(Paul Bowles, University of Northern British Columbia, Canada);

Chapter 13.- What Can We Learn From The EMU Model? Lessons for Canada and Britain; pp. 223-242
(Mario Seccareccia and Mathieu Lequain, University of Ottawa, Canada);

Chapter 14.- Would Monetary Integration with the United States Threaten the Canadian Social Model? Insights from European Monetary Unification; pp. 243-270
(H. Tolga Bolukbasi, McGill University, Canada);


   Binding: Hardcover
   Pub. Date: 2006
   ISBN: 1-60021-071-6
   Status: AV
Status Code Description
AN Announcing
FM Formatting
PP Page Proofs
FP Final Production
EP Editorial Production
PR At Prepress
AP At Press
AV Available
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Britain and Canada and Their Large Neighboring Monetary Unions