Results 271 to 280 of about 3,214 (304)

Is The Eastern Caribbean Currency Union an Optimum Currency Area?

The Journal of Developing Areas, 2014
Throughout the turbulence in the international financial system, eastern Caribbean countries have enjoyed remarkable monetary and economic stability. This paper attempts to characterize the types of structural shocks in the Eastern Caribbean Currency Union (ECCU) and other countries in the region and compare them with other currency unions such as the ...
Xiaodan Zhao, Yoonbai Kim
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Optimum‐Currency‐Area Paradoxes

Review of International Economics, 2009
AbstractContributions by Mundell (1961), McKinnon (1963), and Kenen (1969) laid the foundations for all subsequent work in the area of the theory of optimum currency areas. The development of the optimum‐currency‐area paradigm, however, has not been a smooth one.
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The Optimum Currency Area Puzzle

International Advances in Economic Research, 2013
The theory of optimum currency areas, suggesting the redrawing of currency areas across countries or splitting of national money into several currencies, is at odds with the one-money-one-country pattern that has dominated monetary history for 26 centuries.
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Is Mercosur an optimum currency area? [PDF]

, 2007
We find that generalized purchasing power parity does not hold for Mercosur, and thus that the South American trade group does not constitute an optimum currency area. We also find that the role of the United States cannot be neglected in the region, and that high short run volatility of real exchange rates is accompanied by slow adjustment processes ...
Neves, J. Anchieta, Stocco, Leandro, Da Silva, Sergio   +2 more
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Theory of Optimum Currency Areas

2007
To clarify the economic rationale of a currency union we have to judge it from the point of view of markets and against the background of the market agents’ experiences with other currency systems. In case of national currencies which are bound together in a system of fixed exchange rates, governments face the risk of balance of payments imbalances ...
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The ‘New’ Theory of Optimum Currency Areas

The World Economy, 1993
Highbrow opinion is like a hunted hare; if you stand long enough it will come back to the place it started from. Dennis Robertson
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Is the Euro Zone an Optimum Currency Area?

SSRN Electronic Journal, 2008
The European Union (EU) was set up to create more prosperity through cooperation among all Europeans. Now, the EU is a family of 27 democratic countries. From January 1, 1999 to 2008, there has been 15 the EU Member states participate in phase three Economic and Monetary Union (the Euro Zone = EZ-15), namely (1999) Belgium, Germany, Spain, France ...
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The Application of Optimum Currency Area Criteria to Croatia [PDF]

Revista tinerilor economişti, 2007
This paper investigates if Croatia would benefit from the introduction of euro. Croatia has been gravitating towards Europe for decades, especially towards Germany. The same period, until the introduction of Stabilisation program in late 1993, was characterised by hyperinflation which caused loosing the trust in domestic currency.
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A new test for optimum currency area with an application to the Central and Eastern European countries

Applied Economics, 2022
Simeon Nanovsky
exaly  

Effective European monetary union in the light of the optimum currency area; model countries: Germany and Poland

Journal of Economic and Administrative Sciences, 2021
Ergin Akalpler
exaly