Results 141 to 150 of about 57,500 (195)

Theory of Optimum Currency Areas

Review of Market Integration, 2015
This article aims at providing an eclectic analysis of the theory of optimum currency areas (OCAs). Although the basic tenets of the theory were anticipated during the late 1940s and the 1950s, the theory was developed and maturated in three highly influential papers of Mundell (1961), McKinnon (1963) and Kenen (1969).
Mohd Hussain Kunroo
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Optimum Currency Areas and Key Currencies

2002
Forty years after Robert Mundell put forth his celebrated theory of optimum currency areas, the analytical consensus based on his celebrated 1961 paper has disintegrated. Part of the problem stems from a seeming contradiction in Robert Mundell’s own work.
Ronald McKinnon, Peter B. Kenen
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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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A New Optimum Currency Area Index for the Euro Area

SSRN Electronic Journal, 2022
We propose a new and time-varying optimum currency area (OCA) index for the euro area in assessing the evolution of the OCA properties of the monetary union from an international business cycle perspective. It is derived from the relative importance of symmetric vs.
Kunovac, Davor   +2 more
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Optimum Currency Areas

1987
An optimum currency area refers to the ‘optimum’ geographical domain having as a general means of payments either a single common currency or several currencies whose exchange values are immutably pegged to one another with unlimited convertibility for both current and capital transactions, but whose exchange rates fluctuate in unison against the rest ...
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Is China an optimum currency area?

Journal of Asian Economics, 2005
Abstract This paper analyzes regional differences across Chinese regions, employing an optimum currency area framework. Empirically, we consider the cross-sectional correlation measure of Solnik and Roulet [Solnik, B., & Roulet, J. (2000). Dispersion as cross-sectional correlation.
Hans N.E. Byström   +2 more
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The Endogenity of the Optimum Currency Area Criteria [PDF]

open access: possibleThe Economic Journal, 1998
A country' suitability for entry into a currency union depends on a number of economic conditions. These include, inter alia, the intensity of trade with other potential members of the currency union, and the extent to which domestic business cycles are correlated with those of the other countries.
Frankel, Jeffrey A, Rose, Andrew K
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