SGC Book

"The Single Global Currency: Common Cents for the World"



Take Our Poll
Would you strongly favor, somewhat favor, somewhat oppose, or strongly oppose a single global currency, where all the people of the world would use the same money?

Strongly favor
Somewhat favor
Somewhat oppose
Strongly oppose
Not sure



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ActualRatings by Economists of Single Global Currency


Below are listed economists and others who have written about international economics or exchange rates or other area of relevance to the single global currency.  Also included are people who work in this area and have offered their views.

Their ratings of the Single Global Currency, using the rating system on the previous page, are given below as they were sent to us.  It is anticipated that more ratings will be listed as more and more economists research and write about the Utility and Feasibility of the Single Global Currency.


Name (and org.) Util. Feas. Tot. Comments
Tobias Adrian - Federal Reserve Bank of New York        
Fabrizio Adriani - University of Bristol, UK        
Terence Agbeyegbe - Hunter College, New York        
Pierre-Richard Agenor - World Bank        
Philippe Aghion - University College, London        
Mark Aguiar - University of Chicago        
Francis Ahking - University of Connecticut        
Shaghil Ahmed - Int'l Development, Federal Reserve Bk        
Choong Yong Ahn - Chung-Ang Univesity, Korea        
Emma Aisbett - University of California, Berkeley        
Joshua Aizenman - University of California at Santa Cruz        
Yunus Aksoy - University of Kent, UK        
Ratnam Alagiah - Griffith Univ., Queensland, Australia 5 5 10 Established the Australian SGCA chapter.  Authorizer of Sept 2003 OECD letter.
Tarik Alami - American University of Beruit        
Pedro Alba - World Bank        
Alberto Alesina - Harvard University        
Volbert Alexander - University of Giessen        
Annika Alexius - Uppsala University, Sweden        
Robert Aliber - University of Chicago, Grad Sch of Bus.        
George Allayannis - Darden Business School, Univ Va.        
Franklin Allen - Wharton School, Univ. of Pennsylvania, U.S.        
Polly Allen - University of Connecticut        
Patricia Alvarez-Plata - DIW, Berlin        
Jeffrey Amato - Bank for International Settlements        
Consuelo Gamez Amian - University of Malaga        
Nathalie Aminian - University of Le Havre, France        
Torben Anderson - Northwestern University        
Bob Anderton, Nat'l Inst of Econ & Social Research, UK        
Julian Andrada-Felix, Univ. de Las Palmas de Gran Can.        
David Andrews - European University Institute & Scripps        
Ignazio Angeloni - European Central Bank        
Barbara Annicchiarico -Univ degli Studi di Roma Tor Ver        
Vince Apilado - California State University        
Prakash Apte - I.I.M. Bangalore        
Philip Arestis - Levy Institute, Bard College        
Sven Arndt - Claremont McKenna College, Lowe Inst.        
Harvey Arbelaez - Monterey Institute of International Studies        
Carlos Arteta, Federal Reserve Board of Governors        
Michael Artis - European University Institute        
Elizabeth Asiedu - University of Kansas        
Andrew Atkeson - University of California, Los Angeles        
Gianfranco Atzeni - University of Sassari, Italy        
Stephane Auray - Universite de Toulouse and GREMAQ        
Hue Hwa AuYong - Monash University, Australia        
Ian Babetskii - Czech National Bank       22 Feb 2005 email.  "The idea of a global currency is a very challenging one, but it is a point to which humankind probably should gravitate to." 
Philippe Bacchetta - University of Lausanne        
David Backus - New York University       14 Jan 2005 email.  "Thanks for the email.  However, I have to say it's not something I have a strong opinion about. 
Best of luck."
Sang-Kun Bae - Korea Research Institute        
H. Young Baek - University of Texas-Pan American, Edinburg, Texas        
Michele Bagella - Universita Tor Vergata, Roma        
Moshen Bahmani-Oskooee - University of Wisconsin        
Warren Bailey - Johnson School of Mgmnt, Cornell Univ        
Samuel Baker - Trans-national Research Corp.        
Ercan Balaban - University of Edinburgh        
Richard Baldwin - Graduate Institute of International Studies, Geneva        
Ronald Balvers - West Virginia University        
Abhijit Banerjee - Massachusettts Institute of Technology        
Ravi Bansal - Duke University,Fuqua School of Business        
Dennis Bams - University of Maastricht        
Ravi Bansal - Duke University, U.S.        
William Barnett - University of Kansas        
Christopher Barrett - Cornell University        
Robert Barro - Harvard University        
Leonardo Bartolini - Federal Reserve Bank of New York        
Sohnke Bartram - University of Lancaster, U.K.        
Katinka Barysch - Centre for European Reform, London        
Santonou Basu - South Bank University, London        
Jonathan Batten - Seoul National University        
Christian Bauer - University of Bayreuth        
Christopher Baum - Boston College        
Luc Bauwens - Catholic University of Louvain        
Tamin Bayoumi - International Monetary Fund        
Leonardo Becchetti - Universita Tor Vergata, Roma        
Roel Beetsma - Universiteit van Amsterdam        
David Begg - University of London        
Michel Beine - CEPII, France        
Stephanie Bell - Center for Full Employment & Price Stability -5 0 -5 24 July 2003 email. "Strongly oppose".
Andrea Beltrati - Universita Commerciale L. Bocconi, Milano        
Agnes Benassy-Quere - CEPII, France        
Gianluca Benigno - Bank of England        
Pierpaolo Benigno - New York University        
Karen Benson - University of Queensland        
Andrew Berg - International Monetary Fund        
Helge Berger - Center for Economic Studies, Munich        
Paul Bergin - University of California, Davis        
Michael Bergman - Lund University, Sweden        
William Bernhard - University of Illinois at Urbana-Champaign        
C. Fred Bergsten - Institute for International Economics        
Jeffrey Bergstrand - University of Notre Dame        
Anders Bergvall - Uppsala University        
Carol Bertaut - Federal Reserve Board of Governors        
Giuseppe Bertola - European University Institute, Firenze        
Damien Besancenot - University of Paris        
Caroline Betts - University of Southern California        
Franco Bevilacqua - University of Maastricht        
Andreas Beyer - European Central Bank        
Amar Bhattacharya - World Bank        
Joydeep Bhattacharya - Iowa State University        
Utpal Bhattacharya - Indiana University        
Monica Billio - University Ca' Foscari of Venice        
Josh Bivens - Economic Policy Institute, Washington        
Geir Bjonnes -Stockholm Institute for Financial Research        
Hilde Bjornland - University of Oslo        
Olivier Blanchard - Mass. Institute of Technology        
Michael Bleaney - University of Nottingham        
Lloyd Blenman - University of North Carolina        
Mark Blok - ABP Investments, Heerlen, Netherlands        
Hjalmar Boehm - Universitat Hamburg        
Volker Boehm - University of Bielefeld, Deutschland        
Peter Bofinger - University of Wuerzburg        
Tim Bollerslev - Duke University        
Marco Bonomo - Praia de Botafogo, Rio De Janeiro        
Michael Bordo - Rutgers University, New Jersey        
Eduardo Borensztein - International Monetary Fund        
Claudio Borio - Bank for International Settlements        
Michael Boskin - Stanford University        
Laura Bottazzi - University of Bocconi, Milan        
Hafedh Bouakez - HEC Montreal        
Michael Bowe - Manchester Institute of Science and Technology, UK        
Chakriya Bowman - Australian National University        
David Bowman - Federal Reserve Board        
Russell S. Boyer - University of Western Ontario, Canada        
Josef Brada - Arizona State University, U.S.        
Michael Brandt - Fuqua Business School, Duke Univ.        
Andrzej Bratkowski - Central European University        
George Bratsiotis - University of Manchester, U.K.        
R.A. Brealey, London Business School        
Hugh Bredenkamp - International Monetary Fund        
Francis Breedon - Imperial College, London        
Reuven Brenner - McGill University, Montreal        
Janice Breuer - Moore School of Business, Univ. of South Carolina        
Arturo Bris - Yale School of Management        
Christian Broda - Federal Reserve Bank of New York        
J. Lawrence Broz - Univ. of California, San Diego        
Allard Bruinshoofd - Masstricht University        
Catherine Bruneau - University of Paris X        
Marko Brunner - University of Giessen        
Dick Bryan - Sydney University        
Ralph C. Bryant - Brookings Institution       From his book, "Turbulent Waters, page 413, "...conceivably, eventually even a single common currency for the entire world - might seriously be debated by policymakers as well as academics."
Michal Brzoza-Brzezina - National Bank of Poland        
Thierry Buchs - International Finance Corporation, Wash, DC        
Christopher Budd - Centre for Associative Economics, Canterbury 5 5 10 Authorizer of Sept 2003 OECD letter.
Willem Buiter - European Bank for Reconstruction & Dev.        
Ales Bulir - Czech National Bank        
Maurice Bun - University of Amsterdam        
Kraiwinee Bunyaratavej - George Washington University        
Craig Burnside - University of Virginia        
Ariel Burstein - Northwestern University, Chicago        
Francesco Busato - Columbia University        
Hans Bystrom - LUnd Univesity, Sweden        
Ricardo Caballero - Massachusetts Inst. of Technology        
Sidney Caetano - Federal University of Rio Grande Do Sul, Brazil        
Mustafa Caglayan - University of Liverpool        
Edgar Cahn - Timedollar Institute        
Jun Cai - City University, Hong Kong        
Cesar Calderon - Central Bank of Chile        
Lars Calmfors - Stockholm University        
Guillermo Calvo - University of Maryland        
Mariam Camarero - Universitat Jaume I, Espana        
Gabrielle Camera - Purdue University        
Jose Manuel Campa - IESE Business Sch.,Univ de Nav.        
Bernard Candelon - Maastricht University        
Fabio Canova - Universitat Pompeu Fabra, Italy        
Matthew Canzoneri - Georgetown University        
Henry Cao - University of North Carolina        
Rodrigo Caputo - Central Bank of Chile        
Guglielmo Maria Caporale - South Bank Univ., London        
Alina Carare - International Monetary Fund        
Barry Carin - Center for Global Studies, Univ of Victoria, Canada 3 4 7 19 August 2003 email "I agree that the idea is intriguing and worthwhile."
John Carlson - Purdue University, U.S.        
Charles Carlstrom - Federal Reserve Bank of Cleveland        
Jack L. Carr - University of Toronto        
Luis Carranza - Universidad San Martin de Porres, Lima        
Francesca Carrieri - McGill University        
David Carter - Oklahoma State University        
Kevin Carey - World Bank Institute        
Alessandra Casella - Columbia University        
Paul Cashin - International Monetary Fund        
Olli Castren - European Central Bank        
Michele Ca'zorzi - European Central Bank        
Stephen Cecchetti - Brandeis University 3 3 6 23 March 2005 (Source, co-author, Stefan Krause)
Luis Cespedes - Central Bank of Chile        
Alain Chaboud - Federal Resreve Board        
Rajesh Chakrabarti - Georgia Institute of Technology        
Alex Chan - University of Hong Kong, School of Econ        
Wing Chan - Wilfrid Laurier University, Ontario        
Gene Chang- University of Toledo, Ohio, U.S.        
Roberto Chang - Rutgers University, New Jersey        
Chi-Chur Chao - Chinese University of Hong Kong        
Slim Chaouachi - University of Paris        
Anusha Chari - University of Michigan        
Varadarajan Chari - University of Minnesota, FRB, Mnpls        
Somnath Chatterjee - University of Glasgow        
Sophie Chauvin - CEPII, France        
Chuling Chen - Univ. of California at Los Angeles        
Nai-fu Chen - Hong Kong University of Science & Tech.        
Yea-Mow Chen - San Francisco State University, U.S.        
Yu-chin Chen - Harvard University        
Yueh Chen - National Sun Yat Sen University, Taiwan        
Yu-Fu Chen - University of Dundee, Scotland        
Leonard Cheng - Hong Kong University of Science and Technology        
Chongcheul Cheong - Kyungpook National University        
Yin-Wong Cheung - University of California, Santa Cruz        
Jason Childs - University of New Brunswick at Saint John, Canada        
Menzie David Chinn - University of California, Santa Cruz        
Dionysios Chionis - University of Thessaly, Greece        
Y. Stephen Chiu - Chinese University of Hong Kong        
Peter Chobanov - bulgarian National Bank        
Chi-Young Choi - University of New Hampshire, U.S.        
Georgios Chortareas - Bank of England        
Taufiq Choudhry - Univesity of Bradford, U.K.        
Ibrahim Chowdhury - University of Cologne        
Masudul Choudhury - University College of Cape Breton, Nova Scotia 5 5 10 Professor Choudhury was scheduled to present a paper at the First SGC Conference, Bretton Woods, 9 July 2004, but was unable to attend.
Nada Choueiri - International Monetary Fund        
Hwee Kwan Chow - Monetary Authority of Hong Kong        
Bhagwan Chowdhry - Univ. of California, Los Angeles        
Josef Christl - Oesterreichische Nationalbank        
Huimin Chung - National Chiao Tung Univ., Taiwan        
Matteo Ciccarelli - European Central Bank        
Andrea Cipolini - Queen Mary University        
Stijn Claessens - University of Amsterdam        
Peter Claeys - European University Institute -1 0 -1

"1 harmful" i.e. -1.

email, 27 October 2004, "I am  strongly convinced that the benefits of monetary union far outweigh the costs of a common monetary policy, and the success of the EMU in its first five years attests of this. However, the political conditions for this success need to be fulfilled, and continuing political support is a necessary condition for the success of EMU."

Richard Clarida - Columbia University        
Ephraim Clark - Middlesex University, London        
William Clark - New York University        
Volker Clausen - University of Duisburg-Essen        
David Cleeton - Oberlin College, Ohio        
David Cobham - University of St. Andrews, Scotland        
John Cochrane - University of Chicago, Grad. Bus. Sch.        
Lorenzo Codogno - Bank of America, Milan        
Gunther Coenen - European Central Bank        
Benjamin H. Cohen - International Monetary Fund        
Benjamin J. Cohen - University of California at Santa Barbara -2 0 -2 20 July 2003 email.  Not support, but, still, "It is important to get people thinking about the problem of monetary instability."
Daniel Cohen - DELTA-ENS, Paris & CDPR, London        
Helene Colas - CEPII, Paris        
Andrew Coleman - University of Michigan        
Charles Colgan - University of Southern Maine        
Fabrice Collard - GREMAQ, University of Toulouse        
Davd Cook - Hong Kong University of Science and Technology        
Thomas Cooley - Stern School of Business, NYU        
Richard Cooper - Harvard University       18 July 2003 email.  Supports SGC for industrialized countries, but not others.  Need an international structure that would 'command legitimacy."
Russell Cooper - Boston University        
Vittorio Corbo - Pontificia Universidad Catolica de Chile        
Max Corden - University of Melbourne        
Jose Luis Cordeiro - Central University of Venezuela 4 4 8 28 April 2004 "Let me congratulate you for your efforts."
Fabrizio Coricelli - Universita degli Studi di Siena        
Germana Corrado - University of Rome        
Luisa Corrado - Universita degli Studi di Roma Tor Verg        
Giancarlo Corsetti - Yale, University of Rome        
Virginia Coudert - Bank of France        
Cecile Couhard - University of Paris        
Serge Coulombe - University of Ottowa        
Maylis Coupet - CEPII, Paris        
Thomas Courchene - Queens University, Ontario        
Pietro Cova - Georgetown University, U.S.        
Kevin Cowan - Inter-American Development Bank        
Petre Crabb - Northwest Nazarene University        
Roger Craine - University of California, Berkeley        
Jerome Creel - Observatoire Francais des Conjonctures Economiques (OFCE)        

Jesus

Crespo-Cuaresma - University of Vienna

       
Patrick M. Crowley - Bank of Finland        

Alex Cukierman -

Tel-Aviv University

       
Robert Cumby - Georgetown University        
Phomchanok Cumperayot -Chulaongkom Univ, Bangkok        
David Cushman - University of Saskatchewan        
Magnus Dahlquist - Duke University, Fuqua Sch. of Bus.        
Niels Dam - University of Copenhagen        
Jon Danielsson - London School of Economics        
Christian Danne - Tubingen University, Denmark        
Cinzia Daraio - Sant' Anna School of Advanced Studies        
Sergio DaSilva - Federal University of Rio Grande Do Sul, Brazil        
Paul Davidson - University of Tennessee       28 July 2003 email. "A single global currency may be the best innovation available to improve economic stability, propagate prosperity, and eliminate currency crises."
James Dean - Western Washington University        
James W. Dean - Simon Fraser University, Canada        
Joaquim Pinto de Andrade - University of Brasilia        
Olivier de Bandt - Banque de France        
Xavier Debrun, International Monetary Fund        
Marcello De Cecco - Universita di Roma        
Stephane Dees - European Central Bank        
M. Lebe de Freitas - Universidad de Aveiro, Portugal       10 May 2004. "I am strongly in favour of a world single currency... However, I doubt there will be political conditions to implement such step."
Paul de Grauwe - Catholic University of Leuven        
Jose DeGregorio - Central Bank of Chile        
Jakob de Haan - Rijksuniversiteit Groningen,Netherlands        
Vivek Dehejia - Carleton University, Ottawa       23 Feb 2005 email.  "I am a supporter of a single global currency as the long run goal towards which to work. I agree with Paul Volcker, and my friend and mentor Bob Mundell, that a 'global economy requires a global currency.' " 
Abe de Jong - Erasmus University, Rotterdam        
Frank DeJong - University of Amsterdam, CEPR        
Augusto de la Torre - World Bank        
Robert Dekle - University of Southern California