; political integration via money. In this paper we argue that the case for monetary integration is becoming increasingly less … persuasive. In making our case we posit a different concept of money to the one that underlay the nineteenth century discussions … in the definition of value in terms of precious metals. In the twentieth century, views of money have shifted to a more …

domestically or borrow abroad in terms of the domestic currency. We conduct an historical case study for a group of countries that … their debt history relating the currency to the place of issue, exploring the residency of those holding local and foreign … currency debt and looking at the maturity of domestic debt in the nineteenth and twentieth centuries. We find that sound fiscal …

domestically or borrow abroad in terms of the domestic currency. We conduct an historical case study for a group of countries that … their debt history relating the currency to the place of issue, exploring the residency of those holding local and foreign … currency debt and looking at the maturity of domestic debt in the nineteenth and twentieth centuries. We find that sound fiscal …

On February 24-25, 2006 an international workshop on “Regional and International Currency Arrangements” was held in … Vienna. It was co-sponsored by the Oesterreichische Nationalbank and the Bank of Greece, and jointly organized by Eduard …, international currency arrangements. A number of papers and the contributions by the discussants presented at this workshop are …