PERSPECTIVES ON EAST-ASIAN MONETARY INTEGRATION [PDF]
Increasing trade interdependence among East-Asian countries suggests the urge to design some monetary arrangement to stabilize the macroeconomic framework of an extremely heterogeneously growing area.
Fabio Masini
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Does regional trade promote economic growth? Evidence from Economic Community of West African States (ECOWAS) [PDF]
Purpose – This paper examines the impact of regional and non-regional trade on economic growth using annual data from Economic Community of West African States (ECOWAS) member countries for the period 2007 to 2017.
Agwu Sunday Okoro +3 more
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Monetary Integration Prospectives :A study in the Experience of Arab Gulf Cooperation Council countries (GCCCs) [PDF]
The structural Similarity of Arab Gulf economies and the harmony of its economic, Financial and monetary Policies ,besides, as it is an optimum Currency area , that determine adopting fixed exchange rates Policy, also founding a uniform Currency has ...
Abdullah Fadhil Al-Hayali
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A Theory of Monetary Union and Financial Integration [PDF]
Abstract Since the creation of the euro, capital flows among member countries have been large and volatile. Motivated by this fact, I provide a theory connecting the exchange rate regime to financial integration. The key feature of the model is that monetary policy affects the value of collateral that creditors seize upon default.
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Estonia’s monetary integration into EMU [PDF]
Estonia is not only striving for rapid acceptance into the European Union, but it is also directing efforts towards being integrated into EMU without delay. The following article first comments on the extent to which the convergence criteria, as the central precondition for admittance to EMU, have been fulfilled.
Rohde, Armin, Janssen, Ole
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The Evolution of Alexandre Lamfalussy’s Thought on European Monetary Integration, 1961-1993
The establishment of the European Monetary Institute (EMI), the predecessor of the European Central Bank, on 1 January 1994, was a milestone in the process of European monetary integration.
Ivo Maes
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Monetary Integration in West Africa – Development and Functioning of CFA Frank Area
This article aims to present the development and history of the African CFA franc zone, which is the official currency in two groupings of African integration – the West African Economic and Monetary Union and Economic and Monetary Community of Central ...
Michał Zaremba
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Monetary Integration and the Cost of Borrowing [PDF]
With European Monetary Union (EMU), there was an increase in the adjusted spreads of euro-area sovereign securities over Germany (corrected from the foreign exchange risk), causing a lower than expected fall in borrowing costs. The objective of this paper is to study the reasons for this increase, and in particular, whether the change in the price ...
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Taylor rule and EMU Monetary Policy Determination and ECB's Preferences
The aim of the article is to evaluate the preferences of the ECB in monetary policy and to compare them with preferences of the central banks of new EU member countries from Central and Eastern Europe.
Svatopluk Kapounek, Lubor Lacina
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THE SINGLE CURRENCY FOR ISLAMIC NATIONS: DO HETEROGENEITIES MATTER?
The purpose of this study is to assess the readiness of 44 OIC member countries to form a currency union and to test whether the Optimum Currency Area (OCA) criteria remain relevant to a large region like the OIC.
Memet Agustiar
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