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The theory of an ‘optimum currency area’ [PDF]
Wroclaw Review of Law, Administration and Economics, 2012 The main goal of this paper is to analyse and distinguish the main components of the theory of an ‘Optimum Currency Area’. The theory of an optimum currency area indicates some essential elements as preconditions for the successful introduction of a ...
Kundera Jarosław
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Optimum currency area theory: A selective review [PDF]
SSRN Electronic Journal, 2003 The first part of this paper is a review of significant papers in the vast literature on optimum currency area (OCA) theory. The author focuses on the main classical contributions, then considers modern treatment of OCA theory.
Julius Horvath
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An Optimum-Currency-Area Odyssey [PDF]
Journal of International Money and Finance, 2009 The theory of optimum-currency-areas was conceived and developed in three highly influential papers, written by Mundell (1961), McKinnon (1963) and Kenen (1969).
George S.Tavlas, Harris Dellas
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EMU – “Optimum” or “Viable” Currency Area?
Studies and Scientific Researches: Economics Edition, 2012 Although the increasing heterogeneity as an effect of European Union enlargement, referring especially to the last two waves, is perceived as a single internal market and also euro single currency risk, European Monetary Union represents an important ...
Andreea Bucur
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The equilibrium approach to optimum currency areas
PSL Quarterly Review, 2012 This paper contrasts the received view of optimum currency areas with the modern equilibrium approach. Setting Mundell's work against earlier analyses of monetary unions exposes the peculiarities of his theory, embedded in the static Keynesian paradigm.
Filippo Cesarano
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The Endogeneity of the Optimum Currency Area Criteria [PDF]
The Economic Journal, 1998 A country's suitability for entry into a currency union depends on a number of economic conditions. These include, inter alia, the intensity of trade with other potential members of the currency union, and the extent to which domestic business cycles are
Andrew K. Rose, Jeffrey A. Frankel
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A convergence-sensitive optimum-currency-area index [PDF]
, 2011 A number of authors have used the concept of an optimum currency area (or OCA) index to assess the relative proximity of various pairs of economies to the ideal of an optimum currency area.
Skořepa, Michal
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European Monetary Union. Convergences and Divergences in an Optimum Currency Area [PDF]
Annals of Dunarea de Jos University. Fascicle I : Economics and Applied Informatics, 2020 Theory stated that a country should adhere to a monetary area if that country has about the same development level as member states. Otherwise, less developed countries will bear more pronouncedly the effects of asymmetric shocks that may occur in an ...
Mihaela NECULITA, Adrian MICU
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Self-Validating Optimum Currency Areas [PDF]
SSRN Electronic Journal, 2002 A currency area can be a self-validating optimal policy regime, even when monetary unification does not foster real economic integration and intra-industry trade. In our model, firms choose the optimal degree of exchange rate pass-through to export prices while accounting for expected monetary policies, and monetary authorities choose optimal policy ...
Corsetti, Giancarlo, Pesenti, Paolo
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Jurnal Ekonomi dan Studi Pembangunan, 2021 Many times ASEAN countries experienced economic crisis in 1997/1998 and financial crisis in 2008. The similar patterns of cisis among those countries make some researchers conduct research of single currency unification.
Feri Dwi Riyanto +2 more
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