Monetary integration and dollarization : no panacea / edited by Matías Vernengo.

List of figures, vii -- List of tables, ix -- List of contributors, xi -- Acknowledgment, xii -- Foreword / Luiz Carlos Bresser-Pereira, xiii -- Monetary arrangements in a globalizing world: an introduction / Matias Vernengo, 1 -- Part 1. European Monetary Union -- 1. Reflections on the experience of the euro: lessons for the Americas / Philip Arestis and Malcolm Sawyer, 13 -- 2. European Experiences of currency boards: Estonia, Lithuania, Bulgaria and Bosnia and Herzegovina / Jean-Frangois Ponsot, 28 -- 3. The Lessons of the European Monetary Union / Alain Parguez, 61 -- Part 2. Dollarization in north america? -- 4. Does NAFTA move North America towards a common currency area? / William C. Gruben and Jahyeong Koo, 79 -- 5. Dollarization and illegal immigration: implications for NAFTA / Susan Pozo, 93 -- 6. Is the Canadian dollar destined to disappear? A critical Perspective / Mario Seccareccia, 109 -- 7. Float, fix or join? The options for Canadian foreign exchange Policy / Ronald G. Bodkin, 132 -- Part 3. Emerging Markets and the Hnancial Architecture -- 8. Can emerging markets float? Should they target inflation? / Barry Eichengreen, 149 -- 9. Integrating uneven partners: the destablizing effects of financial liberalization and internationalization of Latin American economics / Rogerio Studart, 176 -- 10. Exchange rate regimes and the need for elements for a new international financial architecture / Stephany Griffith-Jones, 198 -- 11. Capital flows to emerging markets under the flexible dollar standard: a critical view based on the Brazilian experience / Carlos Medeiros and Franklin Serrano, 218 -- Part 4. Final Reflections -- 12. From capital controls to dollarization: American hegemony and the US dollar / Matias Vemengo, 245 -- 13. A framework for analysing dollarization / Paul Davidson, 259 -- 14. Dollarization in Latin America: 2004 and beyond / Kenneth P. Jameson, 276 -- 15. Monetary integration and dollarization: what are the lessons? / Alcino E Cámara Neto and Matías Vernengo, 287 -- Index, 295.