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One Size Must Fit All : National Divergences in a Monetary Union

Gros, Daniel; Hefeker, Carsten - 2021

What policy objective should a common central bank in a heterogeneous monetary union pursue? Should it base its decisions on the EU-wide average of inflation and growth or should it instead focus on (appropriately weighted) national rates of inflation and growth? We find that a central bank that...

Persistent link: https://www.econbiz.de/10013321188

Searching the Gains from a Monetary Union

Wihlborg, Clas - 1997

There are potential gains for most countries joining the planned EMU. It is argued that these gains are not primarily due to the creation of a currency area but, they depend on the high degree of political independence a European central bank can obtain. The transition path to the EMU with its...

Persistent link: https://www.econbiz.de/10014087916

Is monetary integration economically viable in the Economic Community of West African States?

Agboola, Olayode W.; Olayeni, Olaolu Richard - In: West African journal of monetary and economic integration 22 (2022) 1, pp. 1-32

The introduction of a common currency in the Economic Community of West African States (ECOWAS) has been the subject of extensive research over the past couple of decades, with extant issues ranging from viability and feasibility to sustainability of monetary integration in the region. This...

Persistent link: https://www.econbiz.de/10014513789

The collateral policy of central banks : an analysis focusing on the eurosystem

Weber, Christopher - 2016

Königreich oder Japan, wesentlich unterscheiden. Im Ergebnis kann für die Eurozone auf eine Umverteilung zugunsten der …

Persistent link: https://www.econbiz.de/10011741966

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

A Model of an Optimum Currency Area

Ricci, Luca A. - 2011

Persistent link: https://www.econbiz.de/10013132407

A Model of an Optimum Currency Area

Ricci, Luca A. - 2008

Persistent link: https://www.econbiz.de/10012771941

What about a world of currency? Proposal for a common currency among rich democracies. One world money, then and now

Cooper, Richard N.; Bordo, Michael D.; James, Harold - 2022

a World Currency?”; one more affirmative, the other more critical. In addition to the papers by Richard Cooper and …

Persistent link: https://www.econbiz.de/10014080593

A Strategy for EMU Enlargement

Dabrowski, Marek - 2009

recommendations both for new member states (on how to manage their accession to the Eurozone) and for the European Commission, ECB and … current Eurozone members, and should further improve before Eurozone entry, decreasing risk of their exposure to idiosyncratic … credibility of the Euro and price stability in the Eurozone will not be threatened by fast EMU Enlargement. Neither can the …

Persistent link: https://www.econbiz.de/10014212729

International lending of last resort in historical and theoretical perspectives : introduction

Trautwein, Hans-Michael - In: Jahrbuch für Wirtschaftsgeschichte 63 (2022) 2, pp. 303-310

This paper provides an introduction to the special issue on international lending of last resort. Starting from debates about rescue operations and unconventional policies of major central banks in the contexts of the Global Financial Crisis and the European Debt Crisis, it draws attention to...

Persistent link: https://www.econbiz.de/10013447582