A Model of An Optimum Currency Area:
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Bibliographische Detailangaben
Beteilige Person: Ricci, Luca Antonio (VerfasserIn)
Format: Elektronisch E-Book
Sprache:Englisch
Veröffentlicht: Washington, D.C International Monetary Fund 1997
Schriftenreihe:IMF Working Papers Working Paper No. 97/76
Links:http://elibrary.imf.org/view/IMF001/00062-9781451849837/00062-9781451849837/00062-9781451849837.xml
http://elibrary.imf.org/view/IMF001/00062-9781451849837/00062-9781451849837/00062-9781451849837.xml
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http://elibrary.imf.org/view/IMF001/00062-9781451849837/00062-9781451849837/00062-9781451849837.xml
http://elibrary.imf.org/view/IMF001/00062-9781451849837/00062-9781451849837/00062-9781451849837.xml
http://elibrary.imf.org/view/IMF001/00062-9781451849837/00062-9781451849837/00062-9781451849837.xml
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http://elibrary.imf.org/view/IMF001/00062-9781451849837/00062-9781451849837/00062-9781451849837.xml
http://elibrary.imf.org/view/IMF001/00062-9781451849837/00062-9781451849837/00062-9781451849837.xml
http://elibrary.imf.org/view/IMF001/00062-9781451849837/00062-9781451849837/00062-9781451849837.xml
http://elibrary.imf.org/view/IMF001/00062-9781451849837/00062-9781451849837/00062-9781451849837.xml
http://elibrary.imf.org/view/IMF001/00062-9781451849837/00062-9781451849837/00062-9781451849837.xml
http://elibrary.imf.org/view/IMF001/00062-9781451849837/00062-9781451849837/00062-9781451849837.xml
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http://elibrary.imf.org/view/IMF001/00062-9781451849837/00062-9781451849837/00062-9781451849837.xml
Abstract:This paper investigates the circumstances under which it is beneficial to participate in a currency area. A two-country monetary model of trade with nominal rigidities encompasses the real and monetary arguments suggested by the optimum currency area literature: correlation of real shocks, international factor mobility, fiscal adjustment, openness, difference in national inflationary biases, correlation of monetary shocks, and benefits of a single currency. The effect of openness on the net benefits is ambiguous, contrary to the usual argument that more open economies are better candidates for a currency area. Countries do not necessarily agree on whether a given currency union should be created
Umfang:1 Online-Ressource (41 p)
ISBN:1451849834
9781451849837