converging to a common currency system, in particular, by the eurozone candidate countries. The analytical framework assumes an …

converging to a common currency system, in particular, by the eurozone candidate countries. The analytical framework assumes an …

demonstrate an increase in specialization, trade and welfare under coordinated fixed exchange rates, equivalent to a common … currency, relative to flexible exchange rates. Where supply shocks are important, the effects on specialization and trade are …

Common currency areas and Asian common currency areas in particular are highly topical and somewhat controversial areas … conditions for forming a common currency area and whether Taiwan appears a natural member of such an area. We test data on the … ASEAN countries and Taiwan for consistency with a common currency area. We produce the first evidence that these five ASEAN …

Ogawa and Shimizu (2005) proposed an Asian Monetary Unit (AMU), which is a common currency basket composed of ASEAN …

common currency arrangement had been experienced. Relatively looser monetary conditions would have prevailed, and led to …

-basket exchange rate peg would be appropriate for east Asia. It first summarises the current debate about common currency arrangements …

empirical evidence supports the recent proposal of common currency area as an alternative regime, not only to fight against …