Results 11 to 20 of about 23,441 (260)

A Theory of Monetary Union and Financial Integration [PDF]

The Review of Economic Studies, 2021
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.
openaire   +3 more sources

Estonia’s monetary integration into EMU [PDF]

Intereconomics, 2000
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
openaire   +2 more sources

Monetary Integration and the Cost of Borrowing [PDF]

SSRN Electronic Journal, 2004
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 ...
openaire   +4 more sources

Is a New Asian Monetary Fund Emerging? [PDF]

SocioEconomic Challenges, 2021
The plan initiated by Japan for forming an Asian Monetary Fund in a mode of ASEAN+3 countries after Asian financial crisis in 1997 was not realised due to opposition from USA, IMF and China and the plan was revamped through CMI multilateral currency swap
Dr. Debesh Bhowmik
doaj   +1 more source

THE SINGLE CURRENCY FOR ISLAMIC NATIONS: DO HETEROGENEITIES MATTER?

Journal of Islamic Monetary Economics and Finance, 2019
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
doaj   +1 more source

A Bibliometric Analysis of the Literature on Optimum Currency Areas and Monetary Integration

Managing Global Transitions
Our study presents a pioneering bibliometric analysis of optimum currency areas literature and monetary integration, utilising 9,228 research outputs published between 1960 and 2022.
Ntombi Matonana, Andrew Phiri
doaj   +3 more sources

The analysis of the Bosnia and Herzegovina’s level of compliance with the Maastricht convergence criteria

Acta Economica, 2013
The idea of forming the European Monetary Union (EMU) derives from the fact that monetary integration has considerable economic advantages in lower transaction costs, greater price transparency and monetary stability.
Бранка Топић-Павковић
doaj   +1 more source

RMB Internationalization

Politikon, 2023
The internationalization of the renminbi (RMB) is viewed by some experts as a potential challenge to the US dollar's (USD) hegemonic status in the current global monetary system.
Minglou Li
doaj   +1 more source

Il processo di integrazione monetaria europea: un confronto tra gli approcci belga e italiano (The Process of European Monetary Integration: A Comparison of the Belgian and Italian Approaches)

Moneta e Credito, 2012
This paper analyses the roles which Belgium and Italy have played in the process of European monetary integration. It focusses on Belgian and Italian attitudes towards European integration and EMU, exchange rate policies, key concepts of the EMU ...
Ivo Maes, Lucia Quaglia
doaj   +1 more source

Sur la création d'un Fonds Européen de réserves.

Moneta e Credito, 2014
The first stages in monetary integration, which is in any event essential to the survival of the Common Market, have already been outlined in a great deal of earlier work by the Commision of the European Communities, and particularly in its 1962 Action ...
R. TRIFFIN
doaj   +1 more source