We present a model of growth à la Lucas with two 'competing' factors. The first needs to allocate its time between production, accumulation and a non productive activity (rest or leisure). The second can devote its time simply to production and accumulation. The two factors can generate harmful...

I. Introduction II. The Pre-Eminence of the Dollar III. The Fate of the Gold Standard IV. Currency Areas and Currency Unions V. The Importance of Monetary Rules VI. Monetary Arrangements in Free Trade Areas and Customs Unions VII. Central Banks, Dollarization and the Maastricht Conditions VIII....