One World, One Currency: Exploring the Issues

16 Pages Posted: 29 Feb 2008

See all articles by Martha Starr

Martha Starr

American University - Department of Economics

Date Written: October 2006


Along with globalization of trade and finance has come a certain globalization of money. Some countries have adopted monetary unions and currency boards; others increasingly use international currencies in place of national monies. This article explores the idea of a global money-framed here as a voluntary, representative arrangement based on accepted principles for optimal conduct monetary policy. It argues that if the current pace of economic and financial integration continues, a global money may emerge that is better adapted to internationalization of production and exchange-although such a change may be a long time in coming.

JEL Classification: F330, F360, E420

Suggested Citation

Starr, Martha, One World, One Currency: Exploring the Issues (October 2006). Contemporary Economic Policy, Vol. 24, Issue 4, pp. 618-633, 2006, Available at SSRN: or

Martha Starr (Contact Author)

American University - Department of Economics ( email )

4400 Massachusetts Avenue, N.W.
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202-885-3747 (Phone)

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