Monetary policy as an optimum currency area criterion

Whether countries benefit from forming a monetary union depends critically on the way monetary policy is conducted. This is mainly because monetary policy determines whether and to what extent a flexible nominal exchange rate fosters or hampers macroeconomic stabilization, even if monetary policy does not target the nominal exchange rate explicitly.

MoreLess

Year of publication:	2014
Authors:	Groll, Dominik
Publisher:	Kiel : Kiel Institute for the World Economy (IfW)
Subject:	monetary union \| macroeconomic stabilization \| welfare analysis \| optimum currency area theory \| trade openness

freely available

Full text |

More access options

Check Google Scholar

In German libraries (KVK)

I need help

More details

Series:	Kiel Working Paper ; 1969
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	80354202X [GVK] hdl:10419/103763 [Handle] RePEc:zbw:ifwkwp:1969 [RePEc]
Classification:	F33 - International Monetary Arrangements and Institutions ; F41 - Open Economy Macroeconomics ; E52 - Monetary Policy (Targets, Instruments, and Effects)
Source:	EconStor

Persistent link: https://www.econbiz.de/10010427022