Results 11 to 20 of about 6,643,053 (305)
İktisat Politikası Araştırmaları Dergisi, 2022 A monetary union means ensuring unity in exchange rates, eliminating all restrictions on capital movements, and realizing convertibility among member countries. Although this concept is not new, the establishment of the European Monetary Union has led to
Mervan Selçuk, Şakir Görmüş
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A Model of an Optimum Currency Area [PDF]
SSRN Electronic Journal, 1997 AbstractThis paper develops a model of the circumstances under which it is beneficial to participate in a currency area. The proposed two-country monetary model of trade with nominal rigidities encompasses the real and monetary arguments suggested by the optimum currency area literature: correlation of real and monetary shocks, international factor ...
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Choice of an Exchange Rate Regime: the Role of Optimum Currency Area Theory
Competitio, 2021 This lecture deals with the problem of the choice of exchange rate regime for fiat and fully convertible currencies. We begin with a review of different types of exchange rate regimes and discuss the difference between de jure and de facto regimes.
Julius Horvath
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The Prospects of Creating an Optimum Currency Area among Asean Countries [PDF]
Пространственная экономика, 2016 The article assesses the prospects of creating an optimum currency area (OCA) among ASEAN countries. To ensure sustainability of the creating currency zone, the potential candidate countries should meet the criteria of the OCA theory.
Yana Valeryevna Dyomina
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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
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Self-Validating Optimum Currency Areas [PDF]
, 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 ...
Giancarlo Corsetti, Paolo A. Pesenti
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Should the West African countries form a currency union?
South African Journal of Economic and Management Sciences, 2014 This paper examines whether or not the Economic Community of West African States (ECOWAS), comprising fifteen countries, constitutes an Optimum Currency Area (OCA).
TO Akinbobola, AE Akinlo
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Euro: the engine of integration or the seed of dissolution?
Agricultural Economics (AGRICECON), 2008 The common currency Euro is considered one of the biggest achievements of the European political and economic integration. However, it is necessary to stress that Euro was always first and foremost a political feat.
A. Rusek
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Monetary Cooperation in East Asia: Major Issues and Future Prospects
East Asian Economic Review, 2004 The Asian currency crisis in 1997 and the launch of the euro in 1999 made the possibility and desirability of introducing a regional currency union in East Asia a point of debate.
Jai-Won Ryou , Yunjong Wang
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IMPLEMENTATION OF OPTIMUM CURRENCY AREA CRITERIA AND ITS VOLATILITY: CASE STUDY ASEAN-5+3
Buletin Ekonomi Moneter dan Perbankan, 2010 This paper is aiming to elaborate the case of how exchange rate volatility (ERV), which is supposedly considered to form optimum currency area (OCA), can be reduced in order justify the feasibility of the OCA idea within ASEAN5 plus three. Interestingly,
Dimas Bagus Wiranata Kusuma +1 more
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