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Currency Unions
Alesina, Alberto - 2000
What is the optimal number of currencies in the world? Common currencies affect trading costs and, thereby, the amounts of trade, output, and consumption. From the perspective of monetary policy, the adoption of another country's currency trades off the benefits of commitment to price stability...
Persistent link: https://www.econbiz.de/10012470810
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Fiscal Federalism and Optimum Currency Areas : Evidence for Europe From the United States
Sala-i-Martin, Xavier - 1991
The main goal of this paper is to estimate to what extent the federal government of the United States insures member states against regional income shocks. We find that a one dollar reduction in a region's per capita personal income triggers a decrease in federal taxes of about 34 cents and an...
Persistent link: https://www.econbiz.de/10012475134
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The UK and the EMU
Artis, Michael J. - 2000
Persistent link: https://www.econbiz.de/10001546463
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Is Europe an Optimum Currency Area?
Eichengreen, Barry - 1991
An optimum currency area is an economic unit composed of regions affected symmetrically by disturbances and between which labor and other factors of production flow freely. The symmetrical nature of disturbances and the high degree of factor mobility make it optimal to forsake nominal exchange...
Persistent link: https://www.econbiz.de/10012475441
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Participation in a Currency Union
Casella, Alessandra - 1990
When countries of different sizes participate in a cooperative agreement, the potential gain from deviation determines the minimum power that each country requires in the common decision-making. <br><bR>This paper studies the problem in the context of a monetary union - multiple countries sharing a...
Persistent link: https://www.econbiz.de/10012475817
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The endogeneity of the optimum currency area criteria, trade, and labor market rigidities : implications for EMU enlargement
Fidrmuc, Jarko (contributor) - 2004 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10002377396
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Macroeconomic shocks in Euroland vs. the UK : supply, demand, or nominal?
Funke, Michael - 2000
Persistent link: https://www.econbiz.de/10001546478
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Membership of EMU : a fuzzy clustering analysis of alternative criteria
Artis, Michael J.; Zhang, Wenda - 1998
Persistent link: https://www.econbiz.de/10001416206
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A Tale of Politically-Failing Single-Currency Area
Razin, Assaf - 2012
and recovery patterns for key EU members like Germany and France, within the Eurozone, were similar. However, after the … bubble burst and the crisis began unfolding it became clear that the Eurozone plight differed from America's in one … fundamental respect. There was no exact counterpart of Eurozone GIIPS (Greece, Italy, Ireland, Portugal, and Spain) in the United …
Persistent link: https://www.econbiz.de/10012460307
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Economic policy coordination in the EMU : implications for the stability and growth pact?
Breuss, Fritz; Weber, Andrea - 1999
Persistent link: https://www.econbiz.de/10001481264