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How to increase the value of bilateral trade? : currency union versus fixed exchange rate regime
Stoykova, Oleksandra Ivanievna - In: Entrepreneurial business and economics review : EBER 9 (2021) 2, pp. 21-38
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...
Persistent link: https://www.econbiz.de/10012520004
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Monetary Cooperation in the North American Economy
Laidler, David - University of Western Ontario, Economic Policy Research … - 2006
The economic integration of North America, unlike that of Europe, has no parallels on the political front, and U.S. economic and political interests are world-wide, while those of Canada and Mexico are predominantly regional. These facts have important implications for the degree of policy...
Persistent link: https://www.econbiz.de/10005212375
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From dollar peg to basket peg:the experience of Kuwait in view of the GCC monetary unification
Marzovilla, Olga; Mele, Marco - Volkswirtschaftliche Fakultät, … - 2010
basket and the estimate shows that Euro’s has increased during the period, consistent with the goals against inflation. This …
Persistent link: https://www.econbiz.de/10008516570
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Interdependencia y regímenes cambiarios en Mercosur: un modelo macroeconómico de equilibrio general computado para su medición.
Carrera, Jorge Eduardo; Cicowiez, Martín; Lacunza, Hernán - Volkswirtschaftliche Fakultät, … - 2005
Mercosur is currently going through an intermediate integration stage in which macroeconomic interdependence acquires more importance. Then, the need arises to adopt strategic definitions with regard to the future of the process itself. The study examines macroeconomic interdependence with a...
Persistent link: https://www.econbiz.de/10005621620
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Economic stability and choice of exchange rate regimes
Kaji, Sahoko - 2013
the current euro area crisis. The euro may have led to bubbles, but member economies were not free of trouble before the … euro. Many members were losing competitiveness and in need of removing structural rigidities. If anything, the euro was … introduction of the euro and then discuss the governance overhaul taking place in Europe today. This overhaul was something that …
Persistent link: https://www.econbiz.de/10010397268
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Theory of optimum currency areas : a literature survey
Kunroo, Mohd Hussain - In: Review of market integration 7 (2015) 2, pp. 87-116
Persistent link: https://www.econbiz.de/10011940898
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A Model of an Optimum Currency Area
Ricci, Luca Antonio - In: Economics: The Open-Access, Open-Assessment E-Journal 2 (2008) 2008-8, pp. 1-31
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/10010295306
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Inside the Impossible Triangle: Monetary Policy Autonomy in a Credible Target Zone
Jansen, W. Jos - EconWPA - 2003
This paper examines the trade-off between exchange rate stability and monetary autonomy for a target zone. Using the guilder-mark target zone in the pre-EMU period as a case study, we empirically estimate how much policy discretion the Dutch central bank still enjoyed and how much had been ceded...
Persistent link: https://www.econbiz.de/10005126320
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Fiscal Policy and Welfare under Different Exchange Rate Regimes
Østrup, Finn - Copenhagen Business School - 2005
The article analyses how government spending is determined under different exchange rate regimes in the context of a small open economy. Assuming nominal wage contracts which last for one period and assuming a benevolent government which determines government spending to optimise a...
Persistent link: https://www.econbiz.de/10005644724
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Macroeconomic stabilization with a common currency : does European Monetary Unification create a need for fiscal insurance of federalism?
Kletzer, Kenneth - 1997
The implications of monetary unification for fiscal policies are discussed. The roles of nominal exchange rate flexibility in the presence of asymmetric national shocks and nominal price rigidities as an automatic stabilizer and source of disturbances to real economic performance are reviewed....
Persistent link: https://www.econbiz.de/10010514307