Frontmatter -- Preface -- Contents -- Tables, Graphs, and Charts -- CHAPTER I. Introduction and Previous Researches -- CHAPTER II. Income, the Price Level, and Generalized Multipliers in Keynesian Economics -- CHAPTER III. Empirical Relationships between Wage Changes, Unemployment, and Price...

This book deals with the economic consequences of monetary integration, which has long been dominated by the Optimal Currency Area (OCA) paradigm. In this model, money is perceived as having developed from a private sector cost minimization process to facilitate transactions. Not surprisingly,...