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Adjustable pegs vs. single currencies: How valuable is the option to realign?

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  • Gerlach, Stefan

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Article provided by Elsevier in its journal European Economic Review.

Volume (Year): 39 (1995)
Issue (Month): 6 (June)
Pages: 1155-1170

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Handle: RePEc:eee:eecrev:v:39:y:1995:i:6:p:1155-1170

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References

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  1. Guillermo A. Calvo, 1983. "Staggered Contracts and Exchange Rate Policy," NBER Chapters, in: Exchange Rates and International Macroeconomics, pages 235-258 National Bureau of Economic Research, Inc.
  2. Tamim Bayoumi and Barry Eichengreen., 1992. "Is There a Conflict Between EC Enlargement and European Monetary Unification?," Economics Working Papers, University of California at Berkeley 92-188, University of California at Berkeley.
  3. Dixit, Avinash, 1991. "A simplified treatment of the theory of optimal regulation of Brownian motion," Journal of Economic Dynamics and Control, Elsevier, Elsevier, vol. 15(4), pages 657-673, October.
  4. Lars E. O. Svensson, 1991. "Assessing Target Zone Credibility," IMF Working Papers 91/96, International Monetary Fund.
  5. Svensson, L.E., 1991. "Assessing Target Zone Credibility: Mean Reversion and Devaluation Expectations in the EMS," Papers, Stockholm - International Economic Studies 493, Stockholm - International Economic Studies.
  6. Barry Eichengreen, 1991. "Is Europe an Optimum Currency Area?," NBER Working Papers 3579, National Bureau of Economic Research, Inc.
  7. Giavazzi, Francesco & Pagano, Marco, 1986. "The Advantages of Tying One's Hands: EMS Discipline and Central Bank Credibility," CEPR Discussion Papers, C.E.P.R. Discussion Papers 135, C.E.P.R. Discussion Papers.
  8. Canzoneri, Matthew B & Rogers, Carol Ann, 1990. "Is the European Community an Optimal Currency Area? Optimal Taxation versus the Cost of Multiple Currencies," American Economic Review, American Economic Association, American Economic Association, vol. 80(3), pages 419-33, June.
  9. Horn, Henrik & Persson, Torsten, 1988. "Exchange rate policy, wage formation and credibility," European Economic Review, Elsevier, Elsevier, vol. 32(8), pages 1621-1636, October.
  10. Alogoskoufis, George & Portes, Richard, 1990. "International Costs and Benefits from EMU," CEPR Discussion Papers, C.E.P.R. Discussion Papers 424, C.E.P.R. Discussion Papers.
  11. Eichengreen, Barry, 1990. "One Money for Europe? Lessons from the US Currency Union," Department of Economics, Working Paper Series, Department of Economics, Institute for Business and Economic Research, UC Berkeley qt6ks1k831, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
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Cited by:
  1. Duggan, Delma & FitzGerald, John & Johnston, Justin & Kavanagh, Ella & FitzGerald, John & Honohan, Patrick, 1996. "Macroeconomic Response to Shocks," Book Chapters, Economic and Social Research Institute (ESRI), in: Baker, Terence J. (ed.), Economic Implications for Ireland of EMU, chapter 5, pages 105-142 Economic and Social Research Institute (ESRI).
  2. Baker, Terence J. & FitzGerald, John & Honohan, Patrick, 1996. "Economic Implications for Ireland of EMU," Research Series, Economic and Social Research Institute (ESRI), Economic and Social Research Institute (ESRI), number PRS28.
  3. Baker, Terence J. & FitzGerald, John & Honohan, Patrick & FitzGerald, John & Honohan, Patrick, 1996. "Introduction," Book Chapters, Economic and Social Research Institute (ESRI), in: Baker, Terence J. (ed.), Economic Implications for Ireland of EMU, chapter 1, pages 1-9 Economic and Social Research Institute (ESRI).
  4. Baker, Terence J. & FitzGerald, John & Honohan, Patrick & FitzGerald, John & Honohan, Patrick, 1996. "Summary and Conclusions," Book Chapters, Economic and Social Research Institute (ESRI), in: Baker, Terence J. (ed.), Economic Implications for Ireland of EMU, chapter 12, pages 339-352 Economic and Social Research Institute (ESRI).
  5. FitzGerald, John & Honohan, Patrick & FitzGerald, John & Honohan, Patrick, 1996. "Overall Macroeconomic Assessment," Book Chapters, Economic and Social Research Institute (ESRI), in: Baker, Terence J. (ed.), Economic Implications for Ireland of EMU, chapter 6, pages 143-169 Economic and Social Research Institute (ESRI).
  6. Kelly, Jane & FitzGerald, John & Honohan, Patrick, 1996. "The Tourism Sector," Book Chapters, Economic and Social Research Institute (ESRI), in: Baker, Terence J. (ed.), Economic Implications for Ireland of EMU, chapter 11, pages 321-338 Economic and Social Research Institute (ESRI).
  7. Duggan, Delma & FitzGerald, John & Johnston, Justin & Kelly, Jane & FitzGerald, John & Honohan, Patrick, 1996. "The Macroeconomy in Stable Conditions," Book Chapters, Economic and Social Research Institute (ESRI), in: Baker, Terence J. (ed.), Economic Implications for Ireland of EMU, pages 50-86 Economic and Social Research Institute (ESRI).
  8. Baker, Terence J. & Duffy, David & Duggan, Delma & FitzGerald, John & Honohan, Patrick, 1996. "The Manufacturing Sector," Book Chapters, Economic and Social Research Institute (ESRI), in: Baker, Terence J. (ed.), Economic Implications for Ireland of EMU, chapter 7, pages 174-221 Economic and Social Research Institute (ESRI).
  9. Honohan, Patrick & FitzGerald, John & Honohan, Patrick, 1996. "Adapting to Regime Change," Book Chapters, Economic and Social Research Institute (ESRI), in: Baker, Terence J. (ed.), Economic Implications for Ireland of EMU, pages 10-36 Economic and Social Research Institute (ESRI).

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