Monetary policy independence under flexible exchange rates : the Federal Reserve and monetary policy in Latin America : is there policy "spillover"? / Sebastian Edwards -- The international impact of the Fed when the United States is a banker to the world / David Beckworth and Christopher Crowe...

"This study grounds the establishment of EMU and the euro in the context of the history of international monetary cooperation and of monetary unions, above all in the U.S., Germany and Italy. The purpose of national monetary unions was to reduce transactions costs of multiple currencies and...