This paper contains all of the statistical results underlying our paper The Origin and Diffusion of Shocks to Regional Interest Rates in the United States, 1880-2002. It also contains a table of the underlying data, and a discussion of how the data was constructed.

This paper studies monetary regime choice between monetary union and flexible exchange rate regime in a large open economy framework. The classical approach emphasizes that monetary unions are inherently costly because a single interest rate cannot respond effectively to different shocks of...