Results 11 to 20 of about 648 (252)

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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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,
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Capital Market Imperfections and the Theory of Optimum Currency Areas [PDF]

Journal of International Money and Finance, 2008
This paper studies how within- and cross-country capital market imperfections affect the welfare effects of forming a currency union. The analysis considers a bank-only world where intermediaries compete in Cournot fashion and monitoring and state verification are costly. The first part determines the credit market equilibrium and the optimal number of
Agenor, Pierre-Richard, Aizenman, Joshua
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The Theory of Optimum Currency Areas and Growth in Emerging Markets [PDF]

SSRN Electronic Journal, 2009
We test for the impact of exchange rate volatility on growth in emerging market economies based on the theory of optimum currency areas. Our findings provide evidence for a positive impact of exchange rate stability on growth.
Schnabl, Gunther, Hoffmann, Andreas
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PERGERAKAN BERSAMA MATA UANG ASEAN 4 PERIODE 1997-2005: SUATU APLIKASI TEORI OPTIMAL CURRENCY AREA DENGAN MENGGUNAKAN MODEL VECTOR ERROR CORRECTION

Buletin Ekonomi Moneter dan Perbankan, 2010
Starting from the Optimum Currency Area (OCA), this paper utilize the Vector Error Correction Model (VECM) to identify the dynamic short term and the long term co-movement between the ASEAN 4 currencies, including their existing fundamental mechanism ...
Moch. Doddy Ariefianto, Perry Warjiyo
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CO-MOVEMENT 4 PERIOD ASEAN CURRENCY 1997-2005 A THEORY APPLICATION NAMELY OPTIMAL CURRENCY AREA USING VECTOR ERROR CORRECTION MODEL

Buletin Ekonomi Moneter dan Perbankan, 2010
Starting from the Optimum Currency Area (OCA), this paper utilize the Vector Error Correction Model (VECM) to identify the dynamic short term and the long term co-movement between the ASEAN 4 currencies, including their existing fundamental mechanism ...
Moch. Doddy Ariefianto, Perry Warjiyo
doaj   +1 more source

Reassessing the feasibility of adopting dollarization in Latin America [PDF]

Journal of Economics Finance and Administrative Science, 2022
Purpose – This paper analyses the possibility of Latin America's (LA) major economies adopting dollarization, considering that in the last decade macroeconomic instability has once again challenged the ability of certain economies to properly manage ...
León Padilla
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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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The Monetary Integration of the New Member States before the Euro Area Debt Crisis [PDF]

Managing Global Transitions, 2013
This paper analyzes the process of monetary integration of the New Member States in the European Union till the beginning of the Euro Area debt crisis. The focus of investigation is on the nominal convergence (the fulfillment of the Maastricht criteria ...
Ivan Todorov
doaj  

Business cycle coherence and OCA endogeneity testing during the integration period in the European Union

Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, 2013
The paper deals with assessing the EU from the new optimum currency area theory perspective. It focuses on measuring of the business cycle coherence applying the composite indicators of output gap similarity and synchronicity.
Nikola Najman, Petr Rozmahel
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