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In 1993, Czechoslovakia experienced a two-step break-up. On January 1, the country disintegrated as a political union … economic transition. In particular, the stability of Czechoslovakia was undermined by low correlation of permanent output …
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In 1993, Czechoslovakia experienced a two-fold break-up: On January 1, the country disintegrated as a political union … that Czechoslovakia fulfilled some of the optimum currency area criteria; however, given the low correlation of permanent …
Persistent link: https://www.econbiz.de/10014204575
In 1993, Czechoslovakia experienced a two-step break-up. On January 1, the country disintegrated as a political union … economic transition. In particular, the stability of Czechoslovakia was undermined by low correlation of permanent output …
Persistent link: https://www.econbiz.de/10014166329
Monetary coordination is high on the agenda of different regional organizations in Africa. Economic benefits of a common currency, like lower transaction cost, increased macroeconomic stability, or the shielding of central banks against political pressure from nationalist elites and their...
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This paper examines the sensibility of a proposed monetary union in the Southern African Development Community (SADC). The study hypothesizes that the majority of the economies in the SADC region are candidates for a monetary union. We test this hypothesis against one of the prime optimal...
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