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Are Optimal Currency Areas Optimal for All? A Reassessment of the Case for Asian Monetary Union
Saxena, Sweta C. - EconWPA - 2005
This paper is a pioneering attempt to include India with east and Southeast Asia to study the existence of the economic … also recognizes the importance of yen for the success of the monetary union in Asia. …
Persistent link: https://www.econbiz.de/10005119428
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A calibrated structural model of the Czech economy
Hlédik, Tibor - EconWPA - 2004
The paper presents a structural model framework for a small open economy. The model, based on optimising households and firms, has been calibrated on Czech macroeconomic data in order to develop an analytic framework suitable for analysing key policy questions related to the Czech Republic’s...
Persistent link: https://www.econbiz.de/10005076689
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Book Review--Doing Business in Asia’s Booming “China Triangle”
Kumar, Deepak - EconWPA - 2005
The book encapsulates the ways and means of doing business with China, and the opportunities out there. It reveals how … China has transformed itself for the investors by creating a friendly environment; but,nevertheless, cultural and social … aspects must not be forgotten while dealing with them. The book is divided into four parts. These are: • The China Triangle …
Persistent link: https://www.econbiz.de/10005408008
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The impact on the U.S. Dollar of the conflict between the American locomotive’s model and the emerging economies’ autopoietic growth.
Viviani, Carlo; Savona, Paolo - EconWPA - 2005
«endogenous», or «autopoietic». The engine of autopoietic growth is the process of globalization, alimented by foreign investments …
Persistent link: https://www.econbiz.de/10005124951
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Partisanship and fiscal policy co-ordination in a monetary union
Acocella, Nicola; Bartolomeo, Giovanni Di - EconWPA - 2001
The recent economic literature shows a new interest in the links between politics and economics. In this paper, we join Hibbs’ partisanship theory with the literature of fiscal policies international co- ordination. Furthermore, by considering a monetary union context, we also open a new angle...
Persistent link: https://www.econbiz.de/10005076746
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Wage and public expenditure setting in a monetary union
Acocella, Nicola; Bartolomeo, Giovanni Di - EconWPA - 2001
European countries have progressively integrated from the point of view of trade and investment and have a common currency now. However, labour market and fiscal institutions have largely retained their national status. The aim of this paper is to examine: a) the possibility for trade unions of...
Persistent link: https://www.econbiz.de/10005076748
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Some empirical tests on the integration of economic activity between the euro area and the accession countries
Korhonen, Iikka - EconWPA - 2002
This note looks ata the correlation of short-term business cycles in the euro area and the Eu accession countries. This issue is assessed with the help of vector autoregressive models. There are clear differences in the degree of correlation between acces-sion countries. For Hungary and...
Persistent link: https://www.econbiz.de/10005076777
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Is the Euro Working? The Euro and European Labour Markets
Silvia, Stephen - EconWPA - 2005
Now that four years have passed since the introduction of the euro as a commercial currency, it has become possible to assess many arguments made in the abstract during the 1990s about the implications of monetary union. This contribution does precisely that. In brief, the euro zone still falls...
Persistent link: https://www.econbiz.de/10005124952
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Inside the Impossible Triangle: Monetary Policy Autonomy in a Credible Target Zone
Jansen, W. Jos - EconWPA - 2003
This paper examines the trade-off between exchange rate stability and monetary autonomy for a target zone. Using the guilder-mark target zone in the pre-EMU period as a case study, we empirically estimate how much policy discretion the Dutch central bank still enjoyed and how much had been ceded...
Persistent link: https://www.econbiz.de/10005126320
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Monetary Union in West Africa and Asymmetric Shocks: A Dynamic Structural Factor Model Approach
Houssa, Romain - EconWPA - 2004
We analyse the costs of a monetary union in West Africa by means of asymmetric aggregate demand and aggregate supply shocks. Previous studies have estimated the shocks with the VAR model.We discuss the limits of this approach and apply a new technique based on the dynamic factor model.The...
Persistent link: https://www.econbiz.de/10005062399