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This paper investigates an appropriate choice of anchor currency for a proposed Melanesian currency union under various hypothetical currency union arrangements. Drawing from the optimal currency area (OCA) theory and related extensions, the analysis focuses on the effects of a currency union on...
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Differences in economic performance between the USA and the euro area have been the subject of much debate. Even though … answer provided by the analysis is that the Euro Area has made an impressive progress since its initiation, but this has to …
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economic booms in some peripheral Euro-zone countries financed by large capital inflows; the credit and asset price booms and … Latin American audiences. For those Euro-zone countries that built up large Euro-denominated external liabilities, Latin …
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economic variables determine a given country’s currency bloc affiliation. The dollar bloc differs from the euro bloc in that …
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