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The criteria of the theory of optimum currency areas suggest that many (most?) countries are not good candidates for … setting monetary policy. It is argued that OCA theory provides the framework for determining the appropriate weights and …
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Currency Areas: Currency Area Composition and Exchange-Rate Regimes-Theory and Evidence Reconciled; 2. Measuring the Sacrifice …
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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...
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