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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