Capoën, Fabrice (contributor); Creel, Jérôme (contributor) - 2007
check for
the validity of the argument, we construct an open economy model in which institutions in
one part of the world … macroeconomic stability at its borders. As for the monetary union per se, it has
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permitted a reduction in transaction costs and …); moreover,
these institutions are blamed for their involvement in exchange rate volatility and
procyclicality via inadequate …