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A Monetary Union in Asia? Some European Lessons

Wyplosz, Charles - 2017

Monetary Union in Europe has been the natural response to the combined desire of stabilizing intra-European exchange rates and of lifting permanently all capital controls. The commitment to stable exchange rate has long been rooted in policymakers' conviction that trade integration requires...

Persistent link: https://www.econbiz.de/10012942396

Monetary and Economic Union in West Africa : An Analysis on Trade

Mensah, Isaac - 2016

Purpose - This paper makes an analysis of trade in the WAMZ as well as the WAMZ's trade with other countries in West Africa, Europe and Asia based on the Optimal Currency Area (OCA) theory. This theory first proposed by Mundell (1961) as a basis for evaluating whether or not an area constitutes...

Persistent link: https://www.econbiz.de/10013001455

How to increase the value of bilateral trade? : currency union versus fixed exchange rate regime

Stoykova, Oleksandra Ivanievna - In: Entrepreneurial business and economics review : EBER 9 (2021) 2, pp. 21-38

Objective: The objective of the article is to determine which exchange rate regime provides higher bilateral trade: fixed rate or currency union. Research Design & Methods: An index was designed based on variables commonly recognised as those that might affect the value of bilateral trade and...

Persistent link: https://www.econbiz.de/10012520004

The CFA Arrangements - More than Just an Aid Substitute?

Yehoue, Etienne B. - 2007

The CFA franc zone has had one of the longest experiences with a fixed exchange rate for a convertible currency and regional integration of any group of developing countries. France, the anchor country, provides aid to support the zone. This paper asks whether the arrangements are more than just...

Persistent link: https://www.econbiz.de/10012777761

Pacific Island Countries - Possible Common Currency Arrangement

Orsmond, David W. H. - 2007

This paper examines the potential advantages and disadvantages of adopting a common currency arrangement among the six IMF member Pacific island countries that have their own national currency. These countries are Fiji, Papua New Guinea, Samoa, Solomon Islands, Tonga, and Vanuatu. The study...

Persistent link: https://www.econbiz.de/10012778219

What is Fuzzy About Clustering in West Africa?

Tsangarides, Charalambos G. - 2006

Applying techniques of clustering analysis to a set of variables suggested by the convergence criteria and the theory of optimal currency areas, this paper looks for country homogeneities to assess membership in the existing and proposed monetary unions of the broader west African region. Our...

Persistent link: https://www.econbiz.de/10012780157

Endogeneity of Currency Areas and Trade Blocs : Evidence from the Inter-War Period

Ritschl, Albrecht - 2008

Empirical research on the gravity model of international trade in the wake of Rose (2000) affirms that currency union formation doubles or triples trade. However, currency unions could also be established precisely because trade among their members was already high. In OLS estimation, this would...

Persistent link: https://www.econbiz.de/10012727925

The Pros and Cons of North American Monetary Integration

Arndt, Sven W. - 2008

This study examines the major arguments for and against enhanced monetary integration in North America, with particular emphasis on the Canadian perspective. In this context, the question is whether the current floating rate regime should be replaced by greater fixity of exchange rates in...

Persistent link: https://www.econbiz.de/10012774196

Braucht es monetäre und reale Konvergenz für eine (in einer) Währungsunion? : Anmerkungen zu einer aktuellen Debatte

Sell, Friedrich L. - 2001

Mitgliedern der Währungsunion ist. Bei der Aufnahme weiterer Mitglieder in die EURO-Zone sind sowohl realwirtschaftliche als auch … determine the members of the EURO zone. The Maastricht criteria suffer from two weaknesses: neither do they reflect sufficiently … sectors (tradeables, non-tradeables) in the respective member countries. In the light of the forthcoming widening of the EURO …

Persistent link: https://www.econbiz.de/10010508238

Intra-Industry Trade and Business Cycles in Asean

Cortinhas, Carlos - 2008

A new resolve for both increased economic integration and monetary and exchange rate cooperation has started to emerge in ASEAN, especially since the 1997-1998 Asian financial crisis. According to the optimum currency area theory, the degree of trade integration is one of the most important...

Persistent link: https://www.econbiz.de/10014058071