Common Currencies vs. Monetary Independence
We study the optimal monetary policy in a two-country open-economy model under two monetary arrangements: (a) multiple currencies controlled by independent policy makers; (b) common currencies with a centralized policy maker. Copyright The Review of Economic Studies Limited, 2003.
Year of publication: |
2003
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Authors: | Cooley, Thomas F. ; Quadrini, Vincenzo |
Published in: |
Review of Economic Studies. - Wiley Blackwell, ISSN 0034-6527. - Vol. 70.2003, 4, p. 785-806
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Publisher: |
Wiley Blackwell |
Saved in:
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