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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. Alas, a significant deficiency of this approach as used so far is that it provides no room for long-term real income convergence - a frequently observed process ...
Skořepa, Michal
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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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A Model of an Optimum Currency Area
Economics: Journal Articles, 2008 Luca Antonio Ricci
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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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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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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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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]
Prostranstvennaâ Èkonomika, 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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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
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