Stability of monetary unions: Lessons from the break-up of Czechoslovakia [PDF]
In 1993, Czechoslovakia experienced a two-step break-up. On January 1, the country disintegrated as a political union, while preserving an economic and monetary union. Then, the Czech-Slovak monetary union collapsed on February 8. This paper analyzes the
Fidrmuc, Jan +2 more
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IS READY ROMANIA FOR EURO ADOPTION? FROM STRUCTURAL CONVERGENCE TO BUSINESS CYCLE SYNCHRONIZATION [PDF]
Annals of the University of Oradea: Economic Science, 2011 The objective of this study is to identify gaps between economic and commercial structures between Romania and the euro area and to explain whether the results obtained justify recently decision to delay euro adoption beyond 2015.
Marinas Marius - Corneliu +2 more
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Optimum Currency Areas theory and the Slovak suitability for the euro adoption [PDF]
This paper tests the present readiness of Slovakia to join the European Monetary Union (EMU) based on the classical Optimum Currency Area criteria, the degree of trade intensity and business cycle synchronization.
DomeNico Raguseo, Jan Sebo
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Spacialisation in Europe and asymmetric shocks: potential risks of EMU [PDF]
Most optimistic views, based on Optimum Currency Areas (OCA) literature, have concluded that the probability of asymmetric shocks to occur at a national level will tend to diminish in the Economic and Monetary Union (EMU) as a result of the ...
Jordi Surinach Caralt +2 more
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The Shrinking Endogeneity of Optimum Currency Areas Criteria: Evidence from the European Monetary Union – A Beta Regression Approach. [PDF]
The endogeneity of optimum currency areas criteria has been widely studied since Frankel and Rose (1998) seminal paper. Literature normally suggests that there is a positive relationship between trade and business cycles correlation.
António Mendonça +2 more
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Monetary integration in Eastern and Southern Africa: choosing a currency peg for COMESA [PDF]
African countries involved in monetary integration projects have been advised to peg their currencies against an external anchor before the definite fixing of exchange rates.
Carlos Vieira, Isabel Vieira
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Monetary Unions and External Shocks [PDF]
According to Bordo and James (2008), history shows that multinational monetary unions have dissolved mainly under the consequences of external shocks.
Etienne Farvaque, Norimichi Matsueda
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Optimum Currency Areas in East Asia: A Structural VAR Approach [PDF]
Optimum Currency Area; Monetary Union; Vector autoregression; Exchange rate; East Asia Abstract: This paper assesses the empirical desirability of the East Asian economies to an alternative exchange rate arrangement (a monetary union) that can ...
Grace H.Y. Lee, M. Azali
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Fiscal Federalism and Optimum Currency Areas: Evidence for Europe From the United States [PDF]
The main goal of this paper is to estimate to what extent the federal government of the United States insures member states against regional income shocks.
Jeffrey Sachs, Xavier Sala-i-Martin
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SUSTITUCIÓN DE MONEDA Y TEORÍA DE LAS ÁREAS MONETARIAS ÓPTIMAS: UN COMENTARIO
Cuadernos de Economía, 2002 El autor muestra cómo la teoría de las áreas monetarias óptimas puede contribuir a evaluar la pertinencia de la dolarización o de la integración monetaria regional para la economía colombiana. Se centra en seis aspectos: i} los efectos microeconómicos de
Philippe De Lombaerde
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