Currency union in the Americas is a proposal supported by some economists, but it is an idea that is not likely to be enacted in the near future. The idea is based on the common Europeancurrency, the euro. The theoretical American currency is sometimes referred to as the amero.
As well as calls for a currency for the Americas as a whole, in Canada discussions of a more limited crossborder currency union are common. The C.D. Howe Institute, one of Canada's leading economic think tanks, advocates the creation of a shared currency between Canada and the United States. The Fraser Institute, a leading conservativethink tank, has also argued in favour of the amero. Conversely, groups such as the Council of Canadians strongly oppose any move towards currency union as being extremely harmful for the Canadian economy and Canadian sovereignty.
There are many lower levels of currency cooperation that have occurred in the Americas. A number of states – such as Argentina and Canada – have at times tied their currency to the United States dollar, and in 2000Ecuador adopted the US dollar as its sole currency. In much of Central America and the Caribbean the US dollar is already a de facto secondary currency, and it serves as parallel legal tender in both Panama (since independence in 1903) and El Salvador (since 2001). Some pundits thus argue that currency union is all but inevitable, whether it is desired or not.
A major obstacle to the creation of a unified currency is the sheer dominance of the United States in any such union. Unlike any state in Europe, the USA has a larger economy than all the other American nations combined, and monetary policy would thus inevitably be heavily tilted in favour of the United States.
External links
Canada Should Pursue North American Currency Union (http://www.cdhowe.org/pdf/harris.pdf)
Amero received his B.A. degree in International Relations and Political Science from University of Wisconsin-Madison in 1988 and his Master of Arts in Political Science from Sir Wilfrid Laurier University in 1991.
Amero is a member of the American Bar Association, the Atlanta Bar Association, and the Defense Research Institute.
Amero is admitted to all trial courts in Georgia, the Georgia Court of Appeals, the Georgia Supreme Court, the United States Court of Appeals for the Eleventh Circuit, and the United States District Courts for the Northern and Southern Districts of Georgia.
Amero was at the York Harbor Inn on Tuesday night gathering with Republicans from throughout Southern Maine and New Hampshire's 1st District representative, John E. Sununu.
Amero and her Democratic opponent, incumbent Rep. Tom Allen, are both unopposed in the state's June 13 primary.
Amero said Allen has fallen short in many areas and "we are going to make an effort to show the difference between someone who cares about everyone" and someone who represents Democrats.
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