Structural convergence under reversible and irreversible monetary unification
AbstractWe explore endogenous monetary unification in the context of a model in which a country with serious structural distortions (and, hence, high inflation) is admitted into a monetary union once its economic structure has converged sufficiently towards that of the existing participants. If unification is reversible, so that the new entrant can always be forced to leave the union again later, convergence stops for a while after the high inflation country has joined. With irreversible unification, temporary divergence occurs, and unification is most likely to be delayed.
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Bibliographic InfoArticle provided by Elsevier in its journal Journal of International Money and Finance.
Volume (Year): 22 (2003)
Issue (Month): 3 (June)
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Web page: http://www.elsevier.com/locate/inca/30443
Other versions of this item:
- Roel M.W.J. Beetsma & Henrik Jensen, . "Structural Convergence under Reversible and Irreversible Monetary Unification," EPRU Working Paper Series 99-06, Economic Policy Research Unit (EPRU), University of Copenhagen. Department of Economics.
- Beetsma, Roel & Jensen, Henrik, 1999. "Structural Convergence Under Reversible and Irreversible Monetary Unification," CEPR Discussion Papers 2116, C.E.P.R. Discussion Papers.
- E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
- E63 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Comparative or Joint Analysis of Fiscal and Monetary Policy; Stabilization; Treasury Policy
- F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions
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Blog mentionsAs found by EconAcademics.org, the blog aggregator for Economics research:
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