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Tests of microeconomic foundations of a North American common currency area

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  • James L. Swofford

Abstract

. The movement of some members of the European Union towards a common currency area is likely to spark interest in other possible common currency areas. One such area of interest is a North American common currency area. In this paper some results from tests of microeconomic foundations of a North American common currency area are presented. These results can be viewed as favourable for the formation of a North American common currency area. JEL classification: F33, F36 Tests des fondements micro‐économiques d’une union monétaire en Amérique du Nord. Le déplacement de certains membres de l’Union Européenne vers une monnaie commune va vraisemblablement susciter de l’intérêt pour ce genre d’arrangement dans d’autres parties du monde. Un de ces autres lieux où il y a un intérêt pour une union monétaire est l’Amérique du Nord. Dans ce texte, on présente certains résultats de tests des fondements micro‐économiques d’une zone monétaire commune en Amérique du Nord. Ces résultats peuvent être considérés comme favorables à la formation d’une union monétaire nord‐américaine.

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  • James L. Swofford, 2005. "Tests of microeconomic foundations of a North American common currency area," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 38(2), pages 420-429, May.
    • Handle: RePEc:wly:canjec:v:38:y:2005:i:2:p:420-429
    DOI: 10.1111/j.0008-4085.2005.00286.x
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    Cited by:

    1. Swofford, James L., 2008. "Tests of microeconomic foundations of Asian common currency areas," Journal of Asian Economics, Elsevier, vol. 19(3), pages 254-258, June.
    2. Cherchye, Laurens & Demuynck, Thomas & De Rock, Bram & Hjertstrand, Per, 2015. "Revealed preference tests for weak separability: An integer programming approach," Journal of Econometrics, Elsevier, vol. 186(1), pages 129-141.
    3. Jane M. Binner & Sajid M. Chaudhry & Andrew W. Mullineux & James L. Swofford, 2018. "Scotland as an optimal currency area," Scottish Journal of Political Economy, Scottish Economic Society, vol. 65(4), pages 315-327, September.
    4. Sarwar, haroon & Hussian, zakir & Awan, masood sarwar, 2011. "Money Demand Functions for Pakistan (Divisia Approach)," MPRA Paper 34361, University Library of Munich, Germany.

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    More about this item

    JEL classification:

    • F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions
    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration

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