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Statement of the Co-Editors

Economics and the economic crisis: the case for change

Thomas Palley, Louis-Philippe Rochon and Matias Vernengo

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Gerald A. Epstein, Tom Schlesinger and Matías Vernengo

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Edited by Gerald A. Epstein, Tom Schlesinger and Matías Vernengo

The many forces that led to the economic crisis of 2008 were in fact identified, analyzed and warned against for many years before the crisis by economist Jane D’Arista, among others. Now, writing in the tradition of D’Arista's extensive work, the internationally renowned contributors to this thought-provoking book discuss research carried out on various indicators of the crisis and illustrate how these perspectives can contribute to productive thinking on monetary and financial policies.
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Matías Vernengo and Esteban Pérez Caldentey

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Alcino Câmara and Matias Vernengo

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Alcino F. Camara-Neto and Matías Vernengo

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Alcino F. Câmara Neto and Matías Vernengo

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Matías Vernengo

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Edited by Matías Vernengo

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, the book argues, the main advantage of monetary integration in the OCA context is the reduction of transaction costs, yet the validity of OCA to analyze processes of monetary integration seems to be limited at best.
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Matías Vernengo