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Author : Edward Tower
Publisher :
ISBN 13 :
Total Pages : 132 pages
Book Rating : 4.:/5 (321 download)
Download or read book The Theory of Optimum Currency Areas and Exchange-rate Flexibility written by Edward Tower and published by . This book was released on 1976 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Mr.Robert P. Flood
Publisher : International Monetary Fund
ISBN 13 : 145184574X
Total Pages : 24 pages
Book Rating : 4.4/5 (518 download)
Download or read book A Theory of Optimum Currency Areas written by Mr.Robert P. Flood and published by International Monetary Fund. This book was released on 1992-05-01 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: Starting with Friedman and Mundell the academic literature has conducted a high level debate concerning the design of cross-country monetary arrangements. That debate has become very complex and the data requirements necessary for appropriate application of the principles developed are far beyond the means of the very nations for which the principles might be valuable. In this paper we return to the simplicity of the early arguments and formalize them in a way that may be helpful for currency area decisions where little is known about economic structure.
Author : Mr.Leonardo Leiderman
Publisher : International Monetary Fund
ISBN 13 : 9781557756527
Total Pages : 126 pages
Book Rating : 4.7/5 (565 download)
Download or read book Optimum Currency Areas written by Mr.Leonardo Leiderman and published by International Monetary Fund. This book was released on 1997-06-17 with total page 126 pages. Available in PDF, EPUB and Kindle. Book excerpt: Robert Mundell's pioneering theory of optimum currency areas is revisited, with experts from the IMF, the BIS, the European Investment Bank, academia, European think tanks, and the Bank of Israel looking at its current practical applications, especially in the context of the forthcoming European Economic and Monetary Union (EMU). Robert Mundell himself offers an update to help in assessing the implications and consequences of EMU.
Author : Harry G. Johnson
Publisher : Routledge
ISBN 13 : 1135055254
Total Pages : 267 pages
Book Rating : 4.1/5 (35 download)
Download or read book The Economics of Common Currencies written by Harry G. Johnson and published by Routledge. This book was released on 2013-07-18 with total page 267 pages. Available in PDF, EPUB and Kindle. Book excerpt: Gathering together the papers presented at the Madrid Conference on Optimum Currency Areas in 1970 this volume represents one of the first complete surveys of the theory and policy implication of monetary integration. The book discusses: the economics of fixed exchange rates relevant to monetary relations within an integrated monetary area the evolution of economic doctrine and a survey of optimum currency area theory problems of policy co-ordination within a currency area relevance of the monetary-fiscal policy mix problems of monetary union in developing countries the book predicted the establishment of an European currency but presented the case for greater flexibility of exchange rates as an alternative to currency unification.
Author : Sofia Roth
Publisher : GRIN Verlag
ISBN 13 : 3668717052
Total Pages : 28 pages
Book Rating : 4.6/5 (687 download)
Download or read book Optimum currency area. Is a fixed exchange rate regime more suitable than a flexible one? written by Sofia Roth and published by GRIN Verlag. This book was released on 2018-06-04 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2011 in the subject Economics - Macro-economics, general, , language: English, abstract: This term paper outlines the theory of Optimum Currency Area (OCA), also known as an Optimal Currency Region (OCR). It also deals with the question under which conditions it is more suitable to have a fixed exchange rate regime or a flexible exchange rates regime in an OCA. The theory of OCA was developed in the early 1960s and deals with mixed, complicated issues of international macroeconomics and "emerged from the debate on the advantages and disadvantages of fixed versus flexible exchange rate regimes". Moreover the theory "attempts to answer the question under which circumstances it is beneficiary for a country or region to constitute a common currency area with other countries or region". This question was analyzed and contributed by the pioneered work of Mundell (1961). Other contributors at the beginning of this theory were McKinnon (1962) and Kenen (1969). Their cognition were based on founding’s by Friedman (1953) and Meade (1957).
Author : Mr.Luca Antonio Ricci
Publisher : International Monetary Fund
ISBN 13 : 1451849834
Total Pages : 42 pages
Book Rating : 4.4/5 (518 download)
Download or read book A Model of an Optimum Currency Area written by Mr.Luca Antonio Ricci and published by International Monetary Fund. This book was released on 1997-06-01 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Author : Robert A. Mundell
Publisher :
ISBN 13 :
Total Pages : 24 pages
Book Rating : 4.F/5 ( download)
Download or read book A Theory of Optimum Currency Areas written by Robert A. Mundell and published by . This book was released on 1961 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Nombulelo Duma
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (858 download)
Download or read book The Determinants of Exchange Rate Flexibility and the Theory of Optimum Currency Areas written by Nombulelo Duma and published by . This book was released on 2000 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Edward Tower
Publisher :
ISBN 13 :
Total Pages : 98 pages
Book Rating : 4.:/5 (879 download)
Download or read book The Theory of Optimum Currency Areas and Exhange-rate Flexibility written by Edward Tower and published by . This book was released on 1976 with total page 98 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Mr.Tamim Bayoumi
Publisher : International Monetary Fund
ISBN 13 : 1451846177
Total Pages : 22 pages
Book Rating : 4.4/5 (518 download)
Download or read book A Formal Model of Optimum Currency Areas written by Mr.Tamim Bayoumi and published by International Monetary Fund. This book was released on 1994-04-01 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: A model of optimum currency areas is presented using a general equilibrium model with regionally differentiated goods. The choice of a currency union depends upon the size of the underlying disturbances, the correlation between these disturbances, the costs of transactions across currencies, factor mobility across regions, and the interrelationships between demand for different goods. It is found that, while a currency union can raise the welfare of the regions within the union, it unambiguously lowers welfare for those outside the union.
Author : Thorsten Mannherz
Publisher : GRIN Verlag
ISBN 13 : 3668551340
Total Pages : 28 pages
Book Rating : 4.6/5 (685 download)
Download or read book The Theory of Optimal Currency Areas. Pros and Cons of the Eurozone written by Thorsten Mannherz and published by GRIN Verlag. This book was released on 2017-10-17 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2016 in the subject Economics - Finance, grade: 1,7, University of applied sciences, Cologne, course: Economics, language: English, abstract: On the 1st of January 1999, 11 European countries adopted the Euro as their official currency. A new Economic and Monetary Union with more than 300 million citizens was born. Sharing a common currency offers several advantages for countries, firms and citizens like enhanced cross-border trade, a better price transparency or the disappearance of foreign exchange rate risks. However, a Monetary Union also comes with constraints like the loss of exchange rate regime of its members which is an important instrument to fight adverse shocks. In order to minimize economic risks for its members and to foster the economic stability of the future European EMU, the European Union member states agreed to meet the Euro Convergence Criteria as a requirement to adopt the Euro. During the negotiations about the necessary criterion, the theory of Optimal Currency Areas – a theory which has its origin in the Bretton Woods era – was deliberately reincarnated by economists to verify whether or not the Eurozone can become a successful EMU. Until today the (traditional) OCA theory is often used by the literature and also by politicians to evince fundamental flaws of the Eurozone. This assignment investigates the Eurozone in the light of the theory of Optimal Currency Areas. In the first part of this assignment the main contributors to the theory of Optimal Currency Areas are enumerated and its most significant factors are explained. The second part applies the listed factors to the Eurozone in order to determine whether or not a specific criterion is fulfilled by the European EMU. A summary and conclusion complete this essay.
Author : C. H. Kwan
Publisher :
ISBN 13 :
Total Pages : 24 pages
Book Rating : 4.:/5 (318 download)
Download or read book The Theory of Optimum Currency Areas and the Possibility of Forming a Yen Bloc in Asia written by C. H. Kwan and published by . This book was released on 1997 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Tamim A. Bayoumi
Publisher :
ISBN 13 :
Total Pages : 40 pages
Book Rating : 4.X/5 (6 download)
Download or read book Exchange Rate Volatility and Intervention written by Tamim A. Bayoumi and published by . This book was released on 1998 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Robert Lafrance
Publisher :
ISBN 13 :
Total Pages : 44 pages
Book Rating : 4.3/5 ( download)
Download or read book Optimal Currency Areas written by Robert Lafrance and published by . This book was released on 1999 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: Surveys the recent literature on optimal currency areas (OCAs). Topics that are covered include theoretical developments in the context of general-equilibrium models and empirical work on shocks asymmetry and adjustment mechanisms.
Author : Jacques Mélitz
Publisher :
ISBN 13 :
Total Pages : 44 pages
Book Rating : 4.X/5 (1 download)
Download or read book A Suggested Reformulation of the Theory of Optimal Currency Areas written by Jacques Mélitz and published by . This book was released on 1991 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : John R. Presley
Publisher : Macmillan of Canada : Maclean-Hunter Press
ISBN 13 :
Total Pages : 136 pages
Book Rating : 4.3/5 (91 download)
Download or read book Currency Areas written by John R. Presley and published by Macmillan of Canada : Maclean-Hunter Press. This book was released on 1976 with total page 136 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Julius Horváth
Publisher : Nova Publishers
ISBN 13 : 9781600212260
Total Pages : 130 pages
Book Rating : 4.2/5 (122 download)
Download or read book International Currency Arrangements and Policies written by Julius Horváth and published by Nova Publishers. This book was released on 2006 with total page 130 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book deals with exchange rate arrangements and exchange rate policies. Chapter 2 classifies exchange rates into flexible, intermediate and rigid arrangements. The book is subdivided into an arrangement of free float, managed float, pegged but adjustable, target zone, crawling peg, hard peg, currency board, dollarisation, and monetary union. This chapter also discusses hypothesis of vanishing intermediate exchange rate arrangements as well as it deals with differentiation between de jure, and de facto exchange rate arrangements. Chapter 3 deals with the issue of choosing an appropriate exchange rate arrangement. The book briefly characterises basic approaches of how to choose an exchange rate regime. Furthermore, the book reviews considerations stemming from the optimum currency area literature. Chapter 4 deals with problems of exchange rate, which were encountered by the most developed transition countries. After discussing the initial stabilisation problems of the early 1990s, it provides a general overview of the macroeconomic situation and exchange rates arrangements in these countries in the period 1990-2004. Also the book discusses issues connected with the future introduction of the euro into these countries. Chapter 5 provides the reader with two case studies. First, a discussion of the Czech experience in the transition period till the crisis in May 1997 is presented. Second, a discussion of the Hungarian experience concerning banking and exchange rate policy in the 1990s till the early years of this century. Finally, Chapter 6 discusses different historical periods from the viewpoint of currency arrangements.
