To eliminate illegal forex market fluctuations

The advent of the Euro has helped the single currency concept resurface
with vigor and there is no doubt that regional currency blocs will
establish precedents for the feasibility of a global currency. The
The ultimate goal is worth pursuing because of the number of targets 3-D. The
3-D will (1) To eliminate illegal forex market fluctuations and unhealthy market
manipulation (2) To eliminate the risks arising from excessive capital
flows in and out of countries that leads to recession and currency crises (3)
Eliminating the cost of forex transactions, etc.

The book also presents a contrarian views on costs and
disadvantages of monetary union and a single, global currency. It
analysis of the preconditions for currency unification and concludes that
progress towards the 3-D will stop at three or four regional currency
blocks, at best. The issue of political consensus is a fundamental factor
leading to a successful currency union and is therefore discussed
in different contexts. Other highlights of the book are from the eurozone and
Caribbean currency union experience, the Pacific island nation
initiatives, efforts to unify currencies in Asia, the impact of
Asian common currency of international trade, currency union
initiatives in Africa and elsewhere.