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The concept of nation

In: The International Monetary System and the Theory of Monetary Systems

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Abstract

Studying an international system implies having a definition of a nation, in order to assess to what extent the analysis of an international phenomenon can be different from an analysis which does not take into consideration the existence of nations. This chapter stresses that several definitions of a nation can be given, but what is important is defining a nation from the point of view of monetary problems. By comparison with the traditional definition of a nation in trade theory, a monetary area – or a monetary nation – can be defined as an area of circulation of a currency. The chapter also discusses whether or not a monetary area should coincide, for instance, with a political area.

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  • ., 2016. "The concept of nation," Chapters, in: The International Monetary System and the Theory of Monetary Systems, chapter 1, pages 3-6, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:17285_1
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    Cited by:

    1. Robinson, Peter John & Botzen, W. J. Wouter & Kunreuther, Howard & Chaudhry, Shereen J., 2021. "Default options and insurance demand," Journal of Economic Behavior & Organization, Elsevier, vol. 183(C), pages 39-56.
    2. Facci, Andrea L. & Ubertini, Stefano, 2018. "Analysis of a fuel cell combined heat and power plant under realistic smart management scenarios," Applied Energy, Elsevier, vol. 216(C), pages 60-72.

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    Economics and Finance;

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