Habib, Maurizio Michael - 2008
exporting economy - indicate that a currency basket is generally preferable to a single currency peg, especially when some … currency
area criteria 15
3 Modelling the stabilisation properties
of a currency basket 16
3.1 The model 17
3 …-exporting economies 22
3.3.2 The model fi t 23
3.4 The impulse response functions 25
4 The search for an optimal currency basket 29
5 …