OCA theory and EMU Eastern enlargement: An empirical application [PDF]
The accession of several Central and Eastern European Countries to Euroland is likely to be realised within the next years. Some studies aim at analysing the suitability of these Euro aspirants for currency union with EMU by evaluating the related ...
Weimann, Marco
core
The Euro-project at risk [PDF]
In contrast to Robert Mundell's Optimum Currency Area theory and his recommendation of forming a monetary union, the economic fundamentals of Euro area member countries have not harmonized.
Hankel, Wilhelm +2 more
core
On the Sustainability of a Monetary Union under External Shocks: a Theoretical Result and Its Application to the Gulf Countries [PDF]
External shocks, be they political or economic, can pose a significant threat to the sustainability of a monetary union. This paper focuses on the openness of a monetary union, and examines how the degrees and characteristics of the sensitivities of its ...
Etienne Farvaque, Norimichi Matsueda
core
Endogeneity of Currency Areas and Trade Blocs: Evidence from the Inter-War Period [PDF]
Empirical research on the gravity model of international trade in the wake of Rose (2000) affirms that currency union formation doubles or triples trade.
Ritschl, Albrecht, Wolf, Nikolaus
core
Equilibrium investment with random risk aversion. [PDF]
Math Financ, 2023 Desmettre S, Steffensen M.
europepmc +1 more source
Has the Euro Changed Business Cycle Synchronization?Evidence from the Core and the Periphery [PDF]
Using a Bayesian dynamic factor model, I examine the comovement of output, investmentand consumption growth among Euro area countries before and after the introduction of theEuro. For that purpose, I compare a pre-Euro period (1991–1998) to a Euro period(
Sybille Lehwald
core
Inter-temporal Savings, Current Account Dynamics and Asymmetric Shocks in a Heterogeneous European Monetary Union [PDF]
In the current debate on the reasons and implications of the Greek and Irish euro crisis, the intra-European current account imbalances have gained rising attention.
Gunther Schnabl, Holger Zemanek
core
An Introduction to Costing and the Types of Costs Used within Health Economic Studies. [PDF]
Pharmacoecon OpenTurner HC +7 more
europepmc +1 more source
Bilateral Trade and Business Cycles Synchronization: African Monetary Integration Perspective [PDF]
The European Commission (1990) and Frankel and Rose (1997, 1998) pointed out that the traditional paradigm of Optimum Currency Areas is misleading because some consequences of monetary unions bring country-specific shocks closer together.
Tapsoba Jules-Armand
core
A Simple Deterministic Model of Protection and Cost Benefits from Vaccinating Indian Cattle Against Infectious Bovine Rhinotracheitis. [PDF]
PathogensGanguly B +4 more
europepmc +1 more source