Monetary Unions
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Time inconsistency and free-riding in a monetary union.
SINCE THE 1990s, INTEREST has grown in the design of monetary unions--groups of political units (countries or states ... (PERIODICAL ARTICLE)
Incomplete intertemporal consumption smoothing and incomplete risk sharing.
EMPIRICAL STUDIES ON risk sharing--i.e., consumption smoothing across states of nature--have grown rapidly in recent years. The formal ... (PERIODICAL ARTICLE)
A single currency for Africa? Probably not, but
selective expansion of...
THE GOAL of a common African currency has long been a pillar of African unity, a symbol of ... (PERIODICAL ARTICLE)
COMPUTING AND TESTING A STABLE COMMON CURRENCY FOR MERCOSUR COUNTRIES
HEADNOTE This paper develops a stable common currency for mid-sized open monetary economies with incomplete markets in general ... (PERIODICAL ARTICLE)
Universal Currency Could Hold Key To Stability And Growth
HEADNOTE The success of the euro has fueled interest in a plan for global monetary union that could ... (PERIODICAL ARTICLE)
Optimal fiscal policy rules in a monetary
union.
This paper investigates the importance of fiscal policy in providing macroeconomic stabilization in a monetary union. We ... (PERIODICAL ARTICLE)
Trans-Tasman transmission of monetary shocks: evidence
from a VAR approach.
Introduction In the age of burgeoning international trade and globalization, a comprehensive understanding of the interrelatedness of economies ... (PERIODICAL ARTICLE)
THE SIGNIFICANCE OF THE EURO IN THE INTERNATIONAL MONETARY SYSTEM
It is a great pleasure for me to be here and I thank you, Robert Isaak, for that ... (PERIODICAL ARTICLE)
Currency Areas in Theory and Practice*
HEADNOTE The dominant theoretical framework for analysing currency domains, optimum currency area (OCA) theory, has a miserable record ... (PERIODICAL ARTICLE)
Shall the new EU members introduce the euro? Some
macroeconomic policy...
Introduction On May 1, 2004, 10 countries, mainly from Central and Eastern Europe (CEECs), became members of the ... (PERIODICAL ARTICLE)
A single African currency in our time?
The concept of greater regional integration - in both political and economic affairs - was the long-term aim ... (PERIODICAL ARTICLE)
The Natural Rate of Interest Is Zero
This paper argues that the natural, nominal, risk free rate of interest is zero under relevant contemporary institutional ... (PERIODICAL ARTICLE)
The right blueprint for Africa?
WITH AFRICA WATCHERS so focused on the continent's progress in reaching the UN Millennium Development Goals--an ambitious initiative ... (PERIODICAL ARTICLE)
New rates from new weights.
This paper updates the weights for effective exchange rate calculations, using trade data from 1999 to 2001. The ... (PERIODICAL ARTICLE)
Costs and benefits of Poland's EMU accession: a
tentative assessment.
INTRODUCTION Following its accession to the European Union, Poland will be expected to meet the Maastricht convergence criteria ... (PERIODICAL ARTICLE)
Macroeconomic determinants of international
trade.
Introduction Much research on international trade patterns focuses on deep primitive causes of trade, such as differences in ... (PERIODICAL ARTICLE)
THE UNITED STATES AS A MONETARY UNION AND THE EURO: A HISTORICAL...
The creation of the euro in January 1999 was a milestone in monetary history. One currency supplanted the ... (PERIODICAL ARTICLE)
Prospects for regional monetary integration in Latin
America: a view from...
INTRODUCTION Since the early 1960s, a number of regional trade and economic integration processes involving Latin American countries ... (PERIODICAL ARTICLE)
The Pros and Cons of Expanded Monetary Union in West
Africa.
R.D. Asante and Paul Robert Masson talk with Jacqueline Irving of the IMF's External Relations Department SIX OF ... (PERIODICAL ARTICLE)
THE USELESSNESS OF MONETARY SOVEREIGNTY
The very politicians and economists who repudiate Keynesian policy at home become fervent Keynesians when they contemplate the ... (PERIODICAL ARTICLE) | |
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