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Are Monetary Unions More Synchronous than Non-Monetary Unions? [PDF]
SSRN Electronic Journal, 2015 Within currency unions, the conventional wisdom is that there should be a high degree of macroeconomic synchronicity between the constituent parts of the union. But this conjecture has never been formally tested by comparing sample of monetary unions with a control sample of countries that do not belong to a monetary union.
Crowley, Patrick, Trombley, Christopher
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A new currency for West African states: The theoretical and political conditions of its feasibility [PDF]
PSL Quarterly Review, 2020 Recent developments in the monetary situation in West Africa, in particular the transformation for the CFA franc area and the project to build a single currency for the CEDEAO/ECOWAS, require a systematic review of the assumptions underlying the ...
Massimo Amato, Kako Nubukpo
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The Effect of Common Currencies on International Trade: A Spatial Econometric Approach [PDF]
فصلنامه پژوهشهای اقتصادی ایران, 2020 In recent years, the desire to create a monetary union at the international level has increased. According to economic theory, the formation of monetary unions and the adoption of a common currency encourages economic integration, controls monetary ...
Ali Fegheh Majidi +2 more
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To Be or Not to Be in Monetary Union: A Synthesis [PDF]
SSRN Electronic Journal, 2010 Monetary union can benefit countries suffering from policy credibility problems if it eliminates the inflation bias and also allows for more efficient management of certain shocks. But it also carries costs as some stabilization may be feasible even in the absence of credibility, and this may be more than what an individual country can hope for in a ...
Clerc, L., Dellas, H., Loisel, O.
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Reassessing the feasibility of adopting dollarization in Latin America [PDF]
Journal of Economics Finance and Administrative Science, 2022 Purpose – This paper analyses the possibility of Latin America's (LA) major economies adopting dollarization, considering that in the last decade macroeconomic instability has once again challenged the ability of certain economies to properly manage ...
León Padilla
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When Unification Creates Hierarchies or, The Deadly Life of Currency Unions
Journal of Law and Political Economy, 2023 The picture of holding the same money in our hands across borders has time and again served as a symbol of unity, while its divisive potential often disappears behind a veil of hope.
Carla Coburger
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Moneta e Credito, 2020 L’articolo esamina alcuni costi e benefici delle unioni monetarie fra i paesi dell’Africa francofona e la questione del regime di cambio del franco CFA.
Emilio Sacerdoti
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Jahrbuch für Wirtschaftsgeschichte, 2022 This article examines the monetary arrangements between Australia, New Zealand and the United Kingdom from the 1820s to the 1930s. It is argued that the three countries formed a monetary union for most of this period.
Decker Frank
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Fiscal Devaluation in a Monetary Union [PDF]
IMF Economic Review, 2013 Using a DSGE model calibrated to the euro area, we analyze the international effects of a fiscal devaluation (FD) implemented as a revenue-neutral shift from employer's social contributions to the Value Added Tax. We find that a FD in ‘Southern European countries’ has a strong positive effect on output, but mild effects on the trade balance and the ...
Engler, Philipp +3 more
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Status and prospects for the development of credit unions in Ukraine [PDF]
Problems and Perspectives in Management, 2017 Credit unions increase social orientation and efficiency of the market economy by providing their members with necessary financial services on a non-profit basis. Unfortunately, the role of credit cooperation is underestimated in Ukraine.
Vita Klimenko +2 more
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