The optimal currency for a country is an important topic. While it is difficult to identify the best option overall …: Which currency is best for business in a small country? Several kinds of currencies are discussed and three criteria that … in a small country seems to be a currency board with a fixed exchange rate that can be adapted in case of a crisis. A …

optimal allocations. Implications for a currency union in Europe are discussed …

On February 24-25, 2006 an international workshop on “Regional and International Currency Arrangements” was held in …, international currency arrangements. A number of papers and the contributions by the discussants presented at this workshop are … a World Currency?”; one more affirmative, the other more critical. In addition to the papers by Richard Cooper and …

by the optimum currency areas (OCA) framework. To some extent, the findings could signify if real convergence has been …

This paper develops a model of the circumstances under which it is beneficial to participate in a currency area. The … the optimum currency area literature: correlation of real and monetary shocks, international factor mobility, fiscal … benefits is ambiguous, contrary to the usual argument that more open economies are better candidates for a currency area. Also …

's double role of national and international currency. This is the Triffin dilemma. The paper shows how it works through three … new monetary system. The US and Europe should consider to adopt the same currency through a system of fixed exchange rates … (global currency). This currency should perform its duty of anchor of the system, reducing global imbalances and gyrations in …

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 exchange rate volatility following similar approach by Scrimgeour (2002 …