Currency Areas and Equilibrium
AbstractThe standard approach to optimum currency areas clashes with both modern monetary theory and empirical evidence. The present paper sets forth an equilibrium hypothesis that views the national border as the analogue of a policy measure impinging on agents' optimizing behavior. Copyright Kluwer Academic Publishers 1997
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Bibliographic InfoArticle provided by Springer in its journal Open Economies Review.
Volume (Year): 8 (1997)
Issue (Month): 1 (January)
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Web page: http://www.springerlink.com/link.asp?id=100323
optimum currency areas; monetary union;
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- Filippo Cesarano, 2006. "The equilibrium approach to optimum currency areas," Banca Nazionale del Lavoro Quarterly Review, Banca Nazionale del Lavoro, vol. 59(237), pages 193-209.
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- Michele Fratianni, 2004.
"Borders and the Constraints on Globalization,"
2004-05, Indiana University, Kelley School of Business, Department of Business Economics and Public Policy.
- Goodhart, Charles A. E., 1998. "The two concepts of money: implications for the analysis of optimal currency areas," European Journal of Political Economy, Elsevier, vol. 14(3), pages 407-432, August.
- Filippo Cesarano, 2006. "Optimum currency areas: a policy view," BNL Quarterly Review, Banca Nazionale del Lavoro, vol. 59(239), pages 317-332.
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