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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
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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
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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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A Model of an Optimum Currency Area
Economics: Journal Articles, 2008 Luca Antonio Ricci
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The endogeneity of the optimum currency area criteria: an application to ASEAN
International Economic Journal, 2008 George B Tawadros
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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
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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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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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