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Regional inflation and industrial structure in monetary union
Nagayasu, Jun - Volkswirtschaftliche Fakultät, … - 2012
It is often argued that an optimal currency area requires homogeneous regional inflation. However, previous empirical studies point out heterogeneity in sectoral inflation and geographical concentration of industries within a monetary union. It follows that there must be a difference in regional...
Persistent link: https://www.econbiz.de/10011110147
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Ecowas common currency : how prepared are its members?
Mati, Sagiru; Civcir, İrfan; Ozdeser, Hüseyin - In: Investigación económica : revista de la Faculdad de … 78 (2019) 308, pp. 89-119
-fledged pan-ECOWAS MU is not advisable. It is also found that members of the European Monetary Union (EMU) tend to be a better fit …
Persistent link: https://www.econbiz.de/10012016723
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Endogeneity and specialization in the European Monetary Union
Bąk, Henryk; Maciejewski, Sebastian - In: International journal of management and economics 46 (2015), pp. 7-40
Persistent link: https://www.econbiz.de/10011523020
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Policy advice : markets and policies
Orsi, Renzo (contributor); Żukrowska, Katarzyna (contributor) - 2004
This paper aims at the provision of applicable recommendations for institutions and actors involved regarding the EMU … benefits and losses of EMU accession may differ with regard to the different issue areas. To get to clear-cut recommendations …. -- Eu enlargement ; monetary integration ; economic integration ; EMU ; ERM 2 ; trade and FDI ; financial markets ; fiscal …
Persistent link: https://www.econbiz.de/10003968901
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Policy advice : markets and policies
Orsi, Renzo (contributor); Żukrowska, Katarzyna (contributor) - 2004
This paper aims at the provision of applicable recommendations for institutions and actors involved regarding the EMU … benefits and losses of EMU accession may differ with regard to the different issue areas. To get to clear-cut recommendations …. -- Eu enlargement ; monetary integration ; economic integration ; EMU ; ERM 2 ; trade and FDI ; financial markets ; fiscal …
Persistent link: https://www.econbiz.de/10002612636
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A Model of an Optimum Currency Area
Ricci, Luca A. - 2011
This paper develops a model of the circumstances under which it is beneficial to participate in a currency area. The proposed two-country monetary model of trade with nominal rigidities encompasses the real and monetary arguments suggested by the optimum currency area literature: correlation of...
Persistent link: https://www.econbiz.de/10013132126
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A Model of an Optimum Currency Area
Ricci, Luca A. - 2011
This paper develops a model of the circumstances under which it is beneficial to participate in a currency area. The proposed two-country monetary model of trade with nominal rigidities encompasses the real and monetary arguments suggested by the optimum currency area literature: correlation of...
Persistent link: https://www.econbiz.de/10013132407
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Prospects for Monetary Cooperation in East Asia
Park, Yung Chul - 2011
The purpose of this paper is to reexamine the exchange rate policy of the Republic of Korea, and its role in promoting financial and monetary cooperation in East Asia in the wake of the 2008 global financial crisis. The Republic of Korea would not actively participate in any discussion of...
Persistent link: https://www.econbiz.de/10013119267
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Inflation Targeting Rules and Welfare in an Asymmetric Currency Area
Lombardo, Giovanni - 2007
This paper studies the effect on monetary policy of differing degrees of competition and differing degrees of nominal rigidity between the members of a monetary union. In particular, we assess the welfare loss brought about by the use of a simple interest rate rule that does not take into...
Persistent link: https://www.econbiz.de/10012776612
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A Model of an Optimum Currency Area
Ricci, Luca A. - 2006
This paper investigates the circumstances under which it is beneficial to participate in a currency area. A two-country monetary model of trade with nominal rigidities encompasses the real and monetary arguments suggested by the optimum currency area literature: correlation of real shocks,...
Persistent link: https://www.econbiz.de/10012782267