Hidden Bibliographic Details
| Other authors / contributors: | International Monetary Fund. Research Department.
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| ISBN: | 1451896115
9781451896114
1281383643
9781281383648
1462350992
9781462350995
1452791635
9781452791630
9786613779748
6613779741
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| Notes: | Includes bibliographical references (pages 37-41).
Restrictions unspecified
Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010.
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212
English.
digitized 2010 HathiTrust Digital Library committed to preserve
Print version record.
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| Summary: | The project of establishing a European Monetary Union has stimulated new interest in the theoretical and empirical investigation of optimum currency areas (OCA). Several arguments (such as shocks asymmetry, factor mobility, and fiscal adjustments), indicated as crucial in the assessment of whether a set of countries should relinquish the exchange rate as an instrument of adjustment, have been the object of extensive empirical research. In spite of the large number of theoretical and empirical contributions on the subject, there are very few attempts to model a comprehensive and integrated analysis of the various economic aspects involved. This paper provides a framework which formally derives and weighs most of the real and monetary arguments suggested by the literature on OCA in the last thirty-five years. Our model does not confirm the conventional assertion that the more open economies are, the better candidates they are for a currency area.
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| Other form: | Print version: Ricci, Luca Antonio. Model of an optimum currency area. [Washington, D.C.] : International Monetary Fund, Research Dept., ©1997
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| Standard no.: | 10.5089/9781451896114.001
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