Reflections on the Optimal Currency Area (OCA) criteria in the light of EMU
Author
Abstract
(This abstract was borrowed from another version of this item.)
Suggested Citation
Download full text from publisher
Other versions of this item:
- M.J. Artis, 2003. "Reflections on the optimal currency area (OCA) criteria in the light of EMU," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 8(4), pages 297-307.
- M.J. Artis, 2002. "Reflections on the Optimal Currency Area (oca) Criteria in the Light of EMU," Working Papers Central Bank of Chile 193, Central Bank of Chile.
References listed on IDEAS
- Kenneth Rogoff, 2001.
"Why Not a Global Currency?,"
American Economic Review, American Economic Association, vol. 91(2), pages 243-247, May.
- Rogoff, Kenneth S., 2001. "Why Not a Global Currency?," Scholarly Articles 11129183, Harvard University Department of Economics.
- repec:zbw:bofrdp:1999_011 is not listed on IDEAS
- Tamim Bayoumi and Barry Eichengreen., 1996.
"Ever Closer to Heaven? An Optimum-Currency-Area Index for European Countries,"
Center for International and Development Economics Research (CIDER) Working Papers
C96-078, University of California at Berkeley.
- Eichengreen, Barry & Bayoumi, Tamim, 1996. "Ever Closer to Heaven? An Optimum-Currency-Area Index for European Countries," Department of Economics, Working Paper Series qt5dt9501s, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
- Eichengreen, Barry & Bayoumi, Tamim, 1996. "Ever Closer to Heaven? An Optimum-Currency-Area Index for European Countries," Department of Economics, Working Paper Series qt5th597st, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
- Eichengreen, Barry & Bayoumi, Tamim, 1996. "Ever Closer to Heaven? An Optimum-Currency-Area Index for European Countries," Center for International and Development Economics Research, Working Paper Series qt5dt9501s, Center for International and Development Economics Research, Institute for Business and Economic Research, UC Berkeley.
- Mike Artis & Hans-Martin Krolzig & Juan Toro, 2004.
"The European business cycle,"
Oxford Economic Papers, Oxford University Press, vol. 56(1), pages 1-44, January.
- Artis, Michael J & Krolzig, Hans-Martin & Toro, Juan, 1999. "The European Business Cycle," CEPR Discussion Papers 2242, C.E.P.R. Discussion Papers.
- Mike Artis & Hans-Martin Krolzig & Juan Toro, 2002. "The European Business Cycle," Economic Working Papers at Centro de Estudios Andaluces E2002/19, Centro de Estudios Andaluces.
- Artis, M. & Krolzig, H.-M. & Toro, J., 1999. "The European Business Cycle," Economics Working Papers eco99/24, European University Institute.
- Engel, Charles & Rogers, John H, 1996.
"How Wide Is the Border?,"
American Economic Review, American Economic Association, vol. 86(5), pages 1112-1125, December.
- Charles Engel & John H. Rogers, 1994. "How Wide is the Border?," NBER Working Papers 4829, National Bureau of Economic Research, Inc.
- Engel, C. & Rogers, J.H., 1995. "How Wide is the Border?," Papers 4-95-16, Pennsylvania State - Department of Economics.
- Charles Engel & John H. Rogers, 1995. "How wide is the border?," Research Working Paper 95-09, Federal Reserve Bank of Kansas City.
- Charles Engel & John H. Rogers, 1995. "How wide is the border?," International Finance Discussion Papers 498, Board of Governors of the Federal Reserve System (U.S.).
- Artis, Michael & Ehrmann, Michael, 2006.
"The exchange rate - A shock-absorber or source of shocks? A study of four open economies,"
Journal of International Money and Finance, Elsevier, vol. 25(6), pages 874-893, October.
- Artis, Michael & Ehrmann, Michael, 2000. "The Exchange Rate - A Shock-Absorber or Source of Shocks? A Study of Four Open Economies," CEPR Discussion Papers 2550, C.E.P.R. Discussion Papers.
- Michael Artis & Michael Ehrmann, 2000. "The Exchange Rate -a Shock-Absorber or Source of Shocks? A Study of Four Open Economies," EUI-RSCAS Working Papers 38, European University Institute (EUI), Robert Schuman Centre of Advanced Studies (RSCAS).
- Andrew K. Rose, 1999.
"One Money, One Market: Estimating the Effect of Common Currencies on Trade,"
NBER Working Papers
7432, National Bureau of Economic Research, Inc.
- Rose, Andrew, 1999. "One Money, One Market: Estimating the Effect of Common Currencies on Trade," Seminar Papers 678, Stockholm University, Institute for International Economic Studies.
- Rose, Andrew K, 1999. "One Money, One Market: Estimating the Effect of Common Currencies on Trade," CEPR Discussion Papers 2329, C.E.P.R. Discussion Papers.
- Engle, Robert F & Kozicki, Sharon, 1993.
"Testing for Common Features,"
Journal of Business & Economic Statistics, American Statistical Association, vol. 11(4), pages 369-380, October.
- Robert F. Engle & Sharon Kozicki, 1990. "Testing For Common Features," NBER Technical Working Papers 0091, National Bureau of Economic Research, Inc.
- Marianne Baxter & Robert G. King, 1999.
"Measuring Business Cycles: Approximate Band-Pass Filters For Economic Time Series,"
The Review of Economics and Statistics, MIT Press, vol. 81(4), pages 575-593, November.
- Marianne Baxter & Robert G. King, 1995. "Measuring Business Cycles Approximate Band-Pass Filters for Economic Time Series," NBER Working Papers 5022, National Bureau of Economic Research, Inc.
- Tom Doan, "undated". "BKFILTER: RATS procedure to implement band pass filter using Baxter-King method," Statistical Software Components RTS00026, Boston College Department of Economics.
- Tamim Bayoumi & Barry Eichengreen, 1992.
"Shocking Aspects of European Monetary Unification,"
NBER Working Papers
3949, National Bureau of Economic Research, Inc.
- Bayoumi, Tamim & Eichengreen, Barry, 1992. "Shocking Aspects of European Monetary Unification," CEPR Discussion Papers 643, C.E.P.R. Discussion Papers.
- Tamim Bayoumi and Barry Eichengreen., 1992. "Shocking Aspects of European Monetary Unification," Economics Working Papers 92-187, University of California at Berkeley.
- Artis, Michael J & Zhang, W, 1997.
"International Business Cycles and the ERM: Is There a European Business Cycle?,"
International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 2(1), pages 1-16, January.
- Artis, Michael J & Zhang, Wenda, 1995. "International Business Cycles and the ERM: Is there a European Business Cycle?," CEPR Discussion Papers 1191, C.E.P.R. Discussion Papers.
- Hossein Samiei & Mr. Zenon Kontolemis, 2000. "The U.K. Business Cycle, Monetary Policy, and EMU Entry," IMF Working Papers 2000/210, International Monetary Fund.
- Frankel, Jeffrey A. & Rose, Andrew K., 1997. "Is EMU more justifiable ex post than ex ante?," European Economic Review, Elsevier, vol. 41(3-5), pages 753-760, April.
- McKinnon, Ronald I, 1994. "A Common Monetary Standard or a Common Currency for Europe? Fiscal Lessons from the United States," Scottish Journal of Political Economy, Scottish Economic Society, vol. 41(4), pages 337-357, November.
- Bayoumi, Tamim & Eichengreen, Barry, 1996. "Operationalizing the Theory of Optimum Currency Areas," CEPR Discussion Papers 1484, C.E.P.R. Discussion Papers.
- Artis, Michael J & Kohler, Marion & Melitz, Jacques, 1998. "Trade and the Number of Optimum Currency Areas in the World," CEPR Discussion Papers 1926, C.E.P.R. Discussion Papers.
- Torres,Francisco & Giavazzi,Francesco (ed.), 1993. "Adjustment and Growth in the European Monetary Union," Cambridge Books, Cambridge University Press, number 9780521440196.
- Breitung, Jörg & Candelon, Bertrand, 2000. "Common cycles: A frequency domain approach," SFB 373 Discussion Papers 2000,99, Humboldt University of Berlin, Interdisciplinary Research Project 373: Quantification and Simulation of Economic Processes.
- Michael D. Bordo & Lars Jonung, 1999. "The Future of EMU: What Does the History of Monetary Unions Tell Us?," NBER Working Papers 7365, National Bureau of Economic Research, Inc.
- Buiter, Willem H. & Corsetti, Giancarlo & Roubini, Nouriel, 1992.
"`Excessive Deficits': Sense and Nonsense in the Treaty of Maastricht,"
CEPR Discussion Papers
750, C.E.P.R. Discussion Papers.
- Buiter, W.H. & Corsetti, G. & Roubini, N., 1992. "Excessive Deficits: Sense and Nonsence in the Treaty of Maastricht," Papers 674, Yale - Economic Growth Center.
- Buiter, Willem, 2000. "Optimal Currency Areas: Why Does The Exchange Rate Regime Matter?," CEPR Discussion Papers 2366, C.E.P.R. Discussion Papers.
- Andrew K. Rose & Eric van Wincoop, 2001. "National Money as a Barrier to International Trade: The Real Case for Currency Union," American Economic Review, American Economic Association, vol. 91(2), pages 386-390, May.
- Pagan, Adrian, 1997. "Policy, Theory, and the Cycle," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 13(3), pages 19-33, Autumn.
- Andrew K. Rose, 2000. "One money, one market: the effect of common currencies on trade," Economic Policy, CEPR, CESifo, Sciences Po;CES;MSH, vol. 15(30), pages 08-45.
- Engle, Robert F & Kozicki, Sharon, 1993. "Testing for Common Features: Reply," Journal of Business & Economic Statistics, American Statistical Association, vol. 11(4), pages 393-395, October.
- Artis, M.J. & Zhang, W., 2002. "Membership of EMU: A Fuzzy Clustering Analysis of Alternative Criteria," Journal of Economic Integration, Center for Economic Integration, Sejong University, vol. 17, pages 54-79.
- Mongelli, Francesco Paolo, 2002.
""New" views on the optimum currency area theory: what is EMU telling us?,"
Working Paper Series
138, European Central Bank.
- Mongelli, Francesco Paolo, 2002. "ìNew" Views on the Optimum Currency Area Theory: What is EMU Telling US?," Royal Economic Society Annual Conference 2002 140, Royal Economic Society.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Stephen Hall & George Hondroyiannis, 2006.
"Measuring the correlation of shocks between the EU15 and the new member countries,"
Economic Change and Restructuring, Springer, vol. 39(1), pages 19-34, June.
- Stephen G. Hall & George Hondroyiannis, 2006. "Measuring the Correlation of Shocks betweem the EU15 and the New Member Countries," Working Papers 31, Bank of Greece.
- Peter Wierts & Henk Van Kerkhoff & Jakob De Haan, 2014. "Composition of Exports and Export Performance of Eurozone Countries," Journal of Common Market Studies, Wiley Blackwell, vol. 52(4), pages 928-941, July.
- Handler, Heinz, 2013.
"The eurozone: piecemeal approach to an optimum currency area,"
MPRA Paper
67183, University Library of Munich, Germany.
- Heinz Handler, 2013. "The Eurozone: Piecemeal Approach to an Optimum Currency Area," WIFO Working Papers 446, WIFO.
- Spahn, Peter, 2012. "Integration durch Währungsunion? Der Fall der Euro-Zone," FZID Discussion Papers 57-2012, University of Hohenheim, Center for Research on Innovation and Services (FZID).
- Hall, S.G. & Yhap, B., 2008. "Measuring the Correlation of Shocks Between the UK and the Core of Europe," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 5(1), pages 17-26, March.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- repec:onb:oenbwp:y::i:69:b:1 is not listed on IDEAS
- Handler, Heinz, 2013.
"The eurozone: piecemeal approach to an optimum currency area,"
MPRA Paper
67183, University Library of Munich, Germany.
- Heinz Handler, 2013. "The Eurozone: Piecemeal Approach to an Optimum Currency Area," WIFO Working Papers 446, WIFO.
- Marc-Alexandre Sénégas, 2010.
"La théorie des zones monétaires optimales au regard de l'euro : Quels enseignements après dix années d'union économique et monétaire en Europe ?,"
Revue d'économie politique, Dalloz, vol. 120(2), pages 379-419.
- Marc-Alexandre Sénégas, 2010. "La théorie des zones monétaires optimales au regard de l'euro : quels enseignements après dix années d'union économique et monétaires en Europe ?," Post-Print hal-00646305, HAL.
- Petr Rozmahel & Ladislava Issever Grochová & Marek Litzman, 2014. "The Effect of Asymmetries in Fiscal Policy Conducts on Business Cycle Correlation in the EU. WWWforEurope Working Paper No. 62," WIFO Studies, WIFO, number 47249, April.
- Michael Artis, 2008.
"What do we now know about currency unions?,"
Macroeconomics and Finance in Emerging Market Economies, Taylor & Francis Journals, vol. 1(1), pages 13-29.
- Michael Artis, 2006. "What Do we Now Know About Currency Unions?," Economie Internationale, CEPII research center, issue 107, pages 9-28.
- Artis, Michael, 2006. "What Do We Now Know About Currency Unions?," CEPR Discussion Papers 5677, C.E.P.R. Discussion Papers.
- Clark, Todd E. & van Wincoop, Eric, 2001.
"Borders and business cycles,"
Journal of International Economics, Elsevier, vol. 55(1), pages 59-85, October.
- Todd E. Clark & Eric Van Wincoop, 1999. "Borders and business cycles," Staff Reports 91, Federal Reserve Bank of New York.
- Todd E. Clark & Eric Van Wincoop, 1999. "Borders and business cycles," Research Working Paper RWP 99-07, Federal Reserve Bank of Kansas City.
- Mendonça, António & Silvestre, João & Passos, José, 2011.
"The shrinking endogeneity of optimum currency areas criteria: Evidence from the European Monetary Union--A beta regression approach,"
Economics Letters, Elsevier, vol. 113(1), pages 65-69, October.
- João Silvestre & António Mendonça & José Passos, 2007. "The Shrinking Endogeneity of Optimum Currency Areas Criteria: Evidence from the European Monetary Union – A Beta Regression Approach," Working Papers Department of Economics 2007/22, ISEG - Lisbon School of Economics and Management, Department of Economics, Universidade de Lisboa.
- Zsolt Darvas & György Szapáry, 2008.
"Business Cycle Synchronization in the Enlarged EU,"
Open Economies Review, Springer, vol. 19(1), pages 1-19, February.
- Szapáry, György & Darvas, Zsolt, 2005. "Business Cycle Sychronization in the Enlarged EU," CEPR Discussion Papers 5179, C.E.P.R. Discussion Papers.
- Zsolt Darvas & György Szapáry, 2006. "Business Cycle Synchronization in the Enlarged EU," Working Papers 0604, Department of Mathematical Economics and Economic Analysis, Corvinus University of Budapest.
- Sofia Gouveia & Leonida Correia, 2008. "Business cycle synchronisation in the Euro area: the case of small countries," International Economics and Economic Policy, Springer, vol. 5(1), pages 103-121, July.
- Salvador Barrios & Marius Brülhart & Robert J.R. Elliott & Marianne Sensier, 2003.
"A Tale of Two Cycles: Co‐Fluctuations Between UK Regions and the Euro Zone,"
Manchester School, University of Manchester, vol. 71(3), pages 265-292, June.
- S Barrios & M Brülhart & R Elliott & M Sensier, 2001. "A Tale of Two Cycles: Co-fluctuations Between UK Regions and the Euro Zone," Economics Discussion Paper Series 0101, Economics, The University of Manchester.
- S Barrios & M Brülhart & R J R Elliott & M Sensier, 2002. "A Tale of Two Cycles: Co-fluctuations Between UK Regions and the Euro Zone," Centre for Growth and Business Cycle Research Discussion Paper Series 03, Economics, The University of Manchester.
- Salvador BARROS & Marius BRÜLHART & Robert J.R. ELLIOTT & Marianne SENSIER, 2001. "A Tale of Two Cycles: Co-Fluctuations Between UK Regions and the Euro Zone," Cahiers de Recherches Economiques du Département d'économie 01.10, Université de Lausanne, Faculté des HEC, Département d’économie.
- Mongelli, Francesco Paolo & De Grauwe, Paul, 2005.
"Endogeneities of optimum currency areas: what brings countries sharing a single currency closer together?,"
Working Paper Series
468, European Central Bank.
- Paul de Grauwe & Francesco Paolo Mongelli, 2005. "Endogeneities of Optimum Currency Areas: What brings Countries Sharing a Single Currency Closer together?," Working Papers de Economia (Economics Working Papers) 29, Departamento de Economia, Gestão e Engenharia Industrial, Universidade de Aveiro.
- Alexandra Ferreira-Lopes & Álvaro Pina, 2011.
"Business Cycles, Core, and Periphery in Monetary Unions: Comparing Europe and North America,"
Open Economies Review, Springer, vol. 22(4), pages 565-592, September.
- Alexandra Ferreira Lopes & Álvaro M. Pina, 2008. "Business Cycles, Core and Periphery in Monetary Unions: Comparing Europe and North America," Working Papers Department of Economics 2008/21, ISEG - Lisbon School of Economics and Management, Department of Economics, Universidade de Lisboa.
- Alexandra Ferreira-Lopes & Álvaro M. Pina, 2008. "Business Cycles, Core and Periphery in Monetary Unions: Comparing Europe and North America," Working Papers Series 1 ercwp1908, ISCTE-IUL, Business Research Unit (BRU-IUL).
- Willie Lahari, 2011. "Assessing Business Cycle Synchronisation - Prospects for a Pacific Islands Currency Union," Working Papers 1110, University of Otago, Department of Economics, revised Oct 2011.
- António Caleiro, 2011.
"Acerca da importância da sincronização do ciclo económico português no contexto europeu,"
Economics Working Papers
4_2011, University of Évora, Department of Economics (Portugal).
- Caleiro, António, 2011. "Acerca da importância da sincronização do ciclo económico português no contexto europeu [Why and how must Portugal be synchronized with the European Union?]," MPRA Paper 34993, University Library of Munich, Germany.
- Kapounek, Svatopluk & Kučerová, Zuzana, 2019.
"Historical decoupling in the EU: Evidence from time-frequency analysis,"
International Review of Economics & Finance, Elsevier, vol. 60(C), pages 265-280.
- Svatopluk Kapounek & Zuzana Kucerova, 2018. "Historical Decoupling in the EU: Evidence from Time-Frequency Analysis," MENDELU Working Papers in Business and Economics 2018-75, Mendel University in Brno, Faculty of Business and Economics.
- Zsolt Darvas & György Szapáry, 2004. "Business Cycle Synchronisation in the Enlarged EU: Comovements in the New and Old Members," MNB Working Papers 2004/1, Magyar Nemzeti Bank (Central Bank of Hungary).
- Boewer Böwer, Uwe, 2006. "Risk Sharing, Financial integration, and "Mundell II" in the Enlarged European Union," Institute of European Studies, Working Paper Series qt2xz37086, Institute of European Studies, UC Berkeley.
- Robert Dixon & David Shepherd, 2013.
"Regional Dimensions of the Australian Business Cycle,"
Regional Studies, Taylor & Francis Journals, vol. 47(2), pages 264-281, February.
- Robert Dixon & David Shepherd, 2009. "Regional Dimensions of the Australian Business Cycle," Department of Economics - Working Papers Series 1088, The University of Melbourne.
- Buch, Claudia M. & Döpke, Jörg, 1999. "Real and Financial Integration in Europe - Evidence for the Accession States and for the Pre-Ins," Kiel Working Papers 917, Kiel Institute for the World Economy (IfW Kiel).
- Balogun, Emmanuel Dele, 2007. "Effects of exchange rate policy on bilateral export trade of WAMZ countries," MPRA Paper 6234, University Library of Munich, Germany.
- Darvas, Zsolt & Szapáry, György, 2004. "Konjunktúraciklusok együttmozgása a régi és új EU-tagországokban [Business cycle harmonization in new and old EU member-states]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(5), pages 415-448.
More about this item
NEP fields
This paper has been announced in the following NEP Reports:- NEP-CBA-2002-10-08 (Central Banking)
- NEP-EEC-2002-10-08 (European Economics)
- NEP-FIN-2002-10-08 (Finance)
- NEP-IFN-2002-10-08 (International Finance)
- NEP-MON-2002-10-08 (Monetary Economics)
- NEP-RMG-2002-10-08 (Risk Management)
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:onb:oenbwp:69. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Markus Knell (email available below). General contact details of provider: https://edirc.repec.org/data/oenbbat.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.