Results 11 to 20 of about 2,133 (299)
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
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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 ...
Giancarlo Corsetti, Paolo Pesenti
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A Search for an Optimum Currency Area [PDF]
Studia Commercialia Bratislavensia, 2018 Abstract Economic and monetary integration is the result of unifying efforts that have become a major driving force in post-war Europe. Although some of the initial initiatives, the Monetary Union project has many times been on the brink of interest.
Martin Hudec
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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 +3 more
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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
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Buletin Ekonomi Moneter dan Perbankan, 2013 The idea for regional monetary integration is grounded by the process of convergence theory within the member states. The paper analyses the possibility of monetary union in ASEAN-5 countries, Indonesia, Malaysia, Philippines, Thailand, and Singapore. In
Dimas Bagus Wiranata Kusuma +3 more
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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. The second part considers empirical literature on the types of geographical areas that might constitute optimum currency areas,
Július Horváth
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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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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
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Evaluating BRICS as an optimum currency area: insights from SVAR modeling
Cogent Economics & FinanceThe study evaluates the feasibility of BRICS (Brazil, Russia, India, China, and South Africa) countries to form an Optimum Currency Area (OCA) through the analysis of shock correlation within the OCA framework.
Marida Nach, Ronney Ncwadi
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