The theory of optimum currencies and a critique of the theory of optimum currency areas
- Canny, Brian
- Jesús Huerta De Soto Director
- Philipp Bagus Co-director
Defence university: Universidad Rey Juan Carlos
Fecha de defensa: 27 January 2016
- Carlos Rodríguez Braun Chair
- Pedro J. Tenorio Sánchez Secretary
- Santiago García Echevarría Committee member
- Armando José Torrent Ruiz Committee member
- León Gómez Rivas Committee member
Type: Thesis
Abstract
This doctoral thesis proposes a new Theory of Optimum Currencies as an alternative to the ideas of Robert Mundell, better known as the Theory of Optimum Currency Areas. Mundell’s ideas on the nature and origin of money are contrasted with those of Carl Menger and the Austrian School of Economics. The economic axioms and models used by Mundell are shown to be of little value and his understanding of the evolution of monetary history is shown to be lacking. A new Theory of Optimum Currencies is proposed and a corrected understanding of monetary history is proposed.