This paper evaluates the arguments for regional monetary cooperation in East Asia. Unlike in Europe, which saw longstanding discussions on the costs and benefits of monetary unification, a proper debate is not yet underway in East Asia. Instead, the quot;classicalquot; European arguments for and...

In light of 50 years of economic policies designed to integrate Europe - culminating in the elimination of euro zone national currencies in early 2002 - and a vast academic literature on international economic integration, it is of interest to assess how far European integration has come in...

From the introduction of the euro up to the 2008 global financial crisis, macroeconomic imbalances widened among Member States. This divergence took the form of strong differences in the dynamics of unit labour costs. This paper asks why this happened. Is it the result of distortionary public...

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 an...

Recent developments in the monetary situation in West Africa, in particular the transformation for the CFA franc area and the project to build a single currency for the CEDEAO/ECOWAS, require a systematic review of the assumptions underlying the formation of monetary unions. The article provides...

We use data from online job postings listed on a job board to study how the demand for jobs linked to new technologies during the COVID-19 crisis responded to pandemic mitigation policies. We classify job postings into a standard occupation classification, using text analytics, and we group...

In this paper we study Finland’s way to the Economic and Monetary Union (EMU) and her economic development as a member of the EMU. First, we describe the economic background of the membership and the arguments presented in research and discussion for and against it. Then we describe...

This paper tests for the hypothesis that institutional integration interacts with economic integration at the regional level. In particular, we ask what lessons can be drawn from the European experience with regional integration for Latin America. Several indicators of institutional and economic...

The European Union (EU) constitutes a particular and novel economic framework. More than half of her member countries form a monetary union, whereas the rest keep their national monetary policies. Regarding the external sector, the EU economies exhibit a high degree of openness and the European...