Monetary policy as an optimum currency area criterion

Dominik Groll

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.

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Year of publication:	2014
Authors:	Groll, Dominik
Publisher:	Kiel : Kiel Inst. for the World Economy
Subject:	Monetary union \| macroeconomic stabilization \| welfare analysis \| optimum currency area theory \| trade openness \| Wechselkurssystem \| Exchange rate regime \| Optimaler Währungsraum \| Optimum currency area \| Geldpolitik \| Monetary policy \| Flexibler Wechselkurs \| Flexible exchange rate \| Währungsunion \| Theorie \| Theory

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Extent:	Online-Ressource (33 S.) graph. Darst.
Series:	Kiel working paper. - Kiel : [Verlag nicht ermittelbar], ISSN 1862-1155, ZDB-ID 2107612-1. - Vol. 1969
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature
Language:	English
Notes:	Systemvoraussetzungen: Acrobat Reader
Other identifiers:	hdl:10419/103763 [Handle]
Classification:	F33 - International Monetary Arrangements and Institutions ; F41 - Open Economy Macroeconomics ; E52 - Monetary Policy (Targets, Instruments, and Effects)
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10010427958