Results 1 to 10 of about 6,643,053 (305)
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’. T he theory of an optimum currency area indicates some essential elements as preconditions for the successful introduction of a common currency: high mobility of labour, openness of the economy defined as a high proportion of ...
Kundera Jarosław
doaj +2 more sources
An optimum-currency-area odyssey [PDF]
Journal of International Money and Finance, 2009 Abstract The theory of optimum-currency-areas was conceived and developed in three highly influential papers, written by Mundell, 1961 , McKinnon, 1963 and Kenen (1969) . Those authors identified characteristics that potential members of a monetary union should ideally possess in order to make it feasible to surrender a nationally-tailored ...
Harris Dellas, George S.Tavlas
openaire +4 more sources
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
doaj +4 more sources
Is East Asia an optimum currency area? [PDF]
Economic Modelling, 2012 Abstract This paper assesses the empirical desirability of the East Asian economies to an alternative exchange rate arrangement (a monetary union) that can potentially enhance the exchange rate stability and credibility in the region. Specifically, the symmetry in macroeconomic disturbances of the East Asian economies is examined as satisfying one of
M Azali
exaly +3 more sources
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
doaj +1 more source
A Model of an Optimum Currency Area
Economics: Journal Articles, 2008 Luca Antonio Ricci
doaj +2 more sources
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
doaj +1 more source
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
doaj +1 more source
A Theory of Optimum Currency Areas: Revisited [PDF]
IMF Working Papers, 1992 Starting with Friedman and Mundell the academic literature has conducted a high level debate concerning the design of cross-country monetary arrangements. That debate has become very complex and the data requirements necessary for appropriate application of the principles developed are far beyond the means of the very nations for which the principles ...
Robert P Flood, Joshua Aizenman
openaire +2 more sources
Are ASEAN 5 Countries Suitable for Optimum Currency Area? Exchange Rate Approach
JIET (Jurnal Ilmu Ekonomi Terapan), 2020 The issue of currency unification among ASEAN countries is often the concern of researchers given the reactive conditions of ASEAN countries to the 1997/1998 crisis and the 2008 financial crisis. This study aims to analyze the impact of ASEAN currencies (
Feri Dwi Riyanto
doaj +1 more source