The eurozone: piecemeal approach to an optimum currency area
Author
Abstract
Suggested Citation
Download full text from publisher
Other versions of this item:
- Heinz Handler, 2013. "The Eurozone: Piecemeal Approach to an Optimum Currency Area," WIFO Working Papers 446, WIFO.
References listed on IDEAS
- Dellas, Harris & Tavlas, George S., 2009.
"An optimum-currency-area odyssey,"
Journal of International Money and Finance, Elsevier, vol. 28(7), pages 1117-1137, November.
- Harris Dellas & George S.Tavlas, 2009. "An Optimum-Currency-Area Odyssey," Working Papers 102, Bank of Greece.
- Dellas, Harris & Tavlas, George, 2010. "An Optimum Currency Area Odyssey," CEPR Discussion Papers 7645, C.E.P.R. Discussion Papers.
- Fritz Breuss, 2011. "Downsizing the Eurozone into an OCA or Entry into a Fiscal Transfer Union," CESifo Forum, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 12(04), pages 05-12, December.
- Frankel, Jeffrey A & Rose, Andrew K, 1998.
"The Endogeneity of the Optimum Currency Area Criteria,"
Economic Journal, Royal Economic Society, vol. 108(449), pages 1009-1025, July.
- Jeffrey A. Frankel & Andrew K. Rose, 1996. "The Endogeneity of the Optimum Currency Area Criteria," NBER Working Papers 5700, National Bureau of Economic Research, Inc.
- Frankel, Jeffrey A & Rose, Andrew K, 1996. "The Endogeneity of the Optimum Currency Area Criteria," CEPR Discussion Papers 1473, C.E.P.R. Discussion Papers.
- Blanchard, Olivier Jean & Quah, Danny, 1989.
"The Dynamic Effects of Aggregate Demand and Supply Disturbances,"
American Economic Review, American Economic Association, vol. 79(4), pages 655-673, September.
- Olivier Jean Blanchard & Danny Quah, 1988. "The Dynamic Effects of Aggregate Demand and Supply Disturbance," Working papers 497, Massachusetts Institute of Technology (MIT), Department of Economics.
- Olivier Jean Blanchard & Danny Quah, 1988. "The Dynamic Effects of Aggregate Demand and Supply Disturbances," NBER Working Papers 2737, National Bureau of Economic Research, Inc.
- Jarko Fidrmuc, 2004.
"The Endogeneity of the Optimum Currency Area Criteria, Intra‐industry Trade, and EMU Enlargement,"
Contemporary Economic Policy, Western Economic Association International, vol. 22(1), pages 1-12, January.
- Fidrmuc, Jarko, 2001. "The endogeneity of optimum currency area criteria, intraindustry trade and EMU enlargement," BOFIT Discussion Papers 8/2001, Bank of Finland Institute for Emerging Economies (BOFIT).
- Sybille Lehwald, 2013.
"Has the Euro changed business cycle synchronization? Evidence from the core and the periphery,"
Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 40(4), pages 655-684, November.
- Sybille Lehwald, 2012. "Has the Euro Changed Business Cycle Synchronization? Evidence from the Core and the Periphery," ifo Working Paper Series 122, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
- Bordo, Michael D. & Vegh, Carlos A., 2002.
"What if Alexander Hamilton had been Argentinean? A comparison of the early monetary experiences of Argentina and the United States,"
Journal of Monetary Economics, Elsevier, vol. 49(3), pages 459-494, April.
- Michael D. Bordo & Carlos A. Vegh, 1998. "What If Alexander Hamilton Had Been Argentinean? A Comparison of the Early Monetary Experiences of Argentina and the United States," NBER Working Papers 6862, National Bureau of Economic Research, Inc.
- Emmanuel Farhi & Gita Gopinath & Oleg Itskhoki, 2014.
"Fiscal Devaluations,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 81(2), pages 725-760.
- Emmanuel Farhi & Gita Gopinath & Oleg Itskhoki, "undated". "Fiscal Devaluations," Working Paper 70976, Harvard University OpenScholar.
- Farhi, Emmanuel & Gopinath, Gita & Itskhoki, Oleg, 2011. "Fiscal Devaluations," CEPR Discussion Papers 8721, C.E.P.R. Discussion Papers.
- Farhi, Emmanuel & Gopinath, Gita & Itskhoki, Oleg, 2014. "Fiscal Devaluations," Scholarly Articles 12336336, Harvard University Department of Economics.
- Emmanuel Farhi & Gita Gopinath & Oleg Itskhoki, 2012. "Fiscal devaluations," Working Papers 12-10, Federal Reserve Bank of Boston.
- Farhi, Emmanuel & Gopinath, Gita & Itskhoki, Oleg, 2012. "Fiscal devaluations," Working Papers 290, Institute for Social and Economic Change, Bangalore.
- Emmanuel Farhi & Gita Gopinath & Oleg Itskhoki, 2011. "Fiscal Devaluations," NBER Working Papers 17662, National Bureau of Economic Research, Inc.
- Oleg Itskhoki & Gita Gopinath & Emmanuel Farhi, 2011. "Fiscal Devaluations," 2011 Meeting Papers 406, Society for Economic Dynamics.
- Jarko Fidrmuc, 2004. "The Endogenity of the Optimum Currency Area Criteria, Trade, and Labour Market Rigidities: Implications for EMU Enlargement," EUI-RSCAS Working Papers 16, European University Institute (EUI), Robert Schuman Centre of Advanced Studies (RSCAS).
- Buscher, Herbert S. & Gabrisch, Hubert, 2009. "Is the European Monetary Union an Endogenous Currency Area? The Example of the Labor Markets," IWH Discussion Papers 7/2009, Halle Institute for Economic Research (IWH).
- Masson,Paul R. & Taylor,Mark P. (ed.), 1993. "Policy Issues in the Operation of Currency Unions," Cambridge Books, Cambridge University Press, number 9780521434553, November.
- repec:hal:wpspec:info:hdl:2441/603 is not listed on IDEAS
- Hochreiter, Eduard & Schmidt-Hebbel, Klaus & Winckler, Georg, 2002.
"Monetary union: European lessons, Latin American prospects,"
The North American Journal of Economics and Finance, Elsevier, vol. 13(3), pages 297-321, December.
- Eduard Hochreiter & Klaus Schmidt-Hebbel & Georg Winckler, 2002. "Monetary Union: European Lessons, Latin American Prospects," Working Papers 68, Oesterreichische Nationalbank (Austrian Central Bank).
- Eduard Hochreiter & Klaus Schmidt-Hebbel & Georg Winckler, 2002. "Monetary Union: European Lessons, Latin American Prospects," Working Papers Central Bank of Chile 167, Central Bank of Chile.
- Bertrand Candelon & Mr. Rabah Arezki & Mr. Amadou N Sy, 2011. "Are there Spillover Effects From Munis?," IMF Working Papers 2011/290, International Monetary Fund.
- repec:cto:journl:v:24:y:2004:i:1-2:p:163-170 is not listed on IDEAS
- Schnabl, Gunther & Zemanek, Holger, 2011. "Die Deutsche Wiedervereinigung und die europäische Schuldenkrise im Lichte der Theorie optimaler Währungsräume," Working Papers 94, University of Leipzig, Faculty of Economics and Management Science.
- Torres,Francisco & Giavazzi,Francesco (ed.), 1993. "Adjustment and Growth in the European Monetary Union," Cambridge Books, Cambridge University Press, number 9780521440196, November.
- Carlo Altavilla, 2004. "Do EMU Members Share the Same Business Cycle?," Journal of Common Market Studies, Wiley Blackwell, vol. 42(5), pages 869-896, December.
- Michael D. Bordo, 2004. "The United States as a Monetary Union and the Euro: A Historical Perspective," Cato Journal, Cato Journal, Cato Institute, vol. 24(1-2), pages 163-170, Spring/Su.
- Barry Eichengreen, 1992.
"Is Europe an Optimum Currency Area?,"
Palgrave Macmillan Books, in: Silvio Borner & Herbert Grubel (ed.), The European Community after 1992, chapter 8, pages 138-161,
Palgrave Macmillan.
- Eichengreen, Barry, 1990. "Is Europe an Optimum Currency Area?," Department of Economics, Working Paper Series qt40m5g6pp, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
- Barry Eichengreen, 1991. "Is Europe an Optimum Currency Area?," NBER Working Papers 3579, National Bureau of Economic Research, Inc.
- Barry Eichengreen., 1990. "Is Europe an Optimum Currency Area?," Economics Working Papers 90-151, University of California at Berkeley.
- Eichengreen, Barry, 1990. "Is Europe an Optimum Currency Area?," CEPR Discussion Papers 478, C.E.P.R. Discussion Papers.
- Zsolt Darvas, 2010.
"Fiscal Federalism in Crisis: Lessons for Europe from the US,"
CERS-IE WORKING PAPERS
1021, Institute of Economics, Centre for Economic and Regional Studies.
- Zsolt Darvas, 2010. "Fiscal federalism in crisis- lessons for Europe from the US," Policy Contributions 420, Bruegel.
- Zsolt Darvas, 2010. "Fiscal Federalism in Crisis: Lessons for Europe from the US," Working Papers 1002, Department of Mathematical Economics and Economic Analysis, Corvinus University of Budapest, revised 10 Sep 2010.
- Joshua Aizenman & Gurnain Kaur Pasricha, 2010.
"On the ease of overstating the fiscal stimulus in the US, 2008-9,"
NBER Working Papers
15784, National Bureau of Economic Research, Inc.
- Aizenman, Joshua & Pasricha, Gurnain Kaur, 2010. "On the ease of overstating the fiscal stimulus in the US, 2008-9," Santa Cruz Department of Economics, Working Paper Series qt5rf688t2, Department of Economics, UC Santa Cruz.
- Aizenman, Joshua & Pasricha, Gurnain K., 2010. "On the ease of overstating the fiscal stimulus in the US, 2008-9 ," Santa Cruz Department of Economics, Working Paper Series qt3vr12659, Department of Economics, UC Santa Cruz.
- Edwards, Sebastian, 2002.
"The great exchange rate debate after Argentina,"
The North American Journal of Economics and Finance, Elsevier, vol. 13(3), pages 237-252, December.
- Sebastian Edwards, 2002. "The Great Exchange Rate Debate After Argentina," NBER Working Papers 9257, National Bureau of Economic Research, Inc.
- Sebastian Edwards, 2002. "The Great Exchange Rate Debate after Argentina," Working Papers 74, Oesterreichische Nationalbank (Austrian Central Bank).
- Thomas Willett & Edward Tower, 1970. "Currency areas and exchange-rate flexibility," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 105(1), pages 48-65, September.
- Mr. Oral Williams & Mr. Olumuyiwa S Adedeji, 2007. "Fiscal Reaction Functions in the CFA Zone: An Analytical Perspective," IMF Working Papers 2007/232, International Monetary Fund.
- Ronald McKinnon, 2000. "Mundell, the Euro, and Optimum Currency Areas," Working Papers 00009, Stanford University, Department of Economics.
- 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.
- Michael J. Artis, 2002. "Reflections on the Optimal Currency Area (OCA) criteria in the light of EMU," Working Papers 69, Oesterreichische Nationalbank (Austrian Central Bank).
- 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.
- Wallis, John Joseph, 1984. "The Birth of the Old Federalism: Financing the New Deal, 1932–1940," The Journal of Economic History, Cambridge University Press, vol. 44(1), pages 139-159, March.
- Hans-Wener Sinn & Teresa Buchen & Timo Wollmershauser, 2011. "Trade Imbalances: Causes, Consequences, and Policy Measures," Book Chapters, in: Jack T. Boorman & André Icard (ed.), Reform of the International Monetary System: The Palais Royal Initiative, edition 1, chapter 26, pages 321-342, Emerging Markets Forum.
- Michael D. Bordo & Angela Redish & Hugh Rockoff, 2011. "Why didn't Canada have a banking crisis in 2008 (or in 1930, or 1907, or ...)?," NBER Working Papers 17312, National Bureau of Economic Research, Inc.
- Ronald I. McKinnon, 2004. "Optimum Currency Areas and Key Currencies: Mundell I versus Mundell II," Journal of Common Market Studies, Wiley Blackwell, vol. 42(4), pages 689-715, November.
- Hugh Rockoff, 1999.
"How Long Did It Take the United States to Become an Optimal Currency Area?,"
Departmental Working Papers
199910, Rutgers University, Department of Economics.
- Hugh Rockoff, 2000. "How Long Did It Take the United States to Become an Optimal Currency Area?," NBER Historical Working Papers 0124, National Bureau of Economic Research, Inc.
- Olivier Jeanne & Charles Wyplosz, 2003.
"The International Lender of Last Resort. How Large Is Large Enough?,"
NBER Chapters, in: Managing Currency Crises in Emerging Markets, pages 89-124,
National Bureau of Economic Research, Inc.
- Mr. Olivier D Jeanne, 2001. "The International Lender of Last Resort: How Large is Large Enought?," IMF Working Papers 2001/076, International Monetary Fund.
- Olivier Jeanne & Charles Wyplosz, 2001. "The International Lender of Last Resort: How Large is Large Enough?," NBER Working Papers 8381, National Bureau of Economic Research, Inc.
- Wyplosz, Charles & Jeanne, Olivier, 2001. "The International Lender of Last Resort: How Large is Large Enough?," CEPR Discussion Papers 2842, C.E.P.R. Discussion Papers.
- Michael D. Bordo & Lars Jonung & Agnieszka Markiewicz, 2013.
"A Fiscal Union for the Euro: Some Lessons from History ,"
CESifo Economic Studies, CESifo Group, vol. 59(3), pages 449-488, September.
- Michael D. Bordo & Agnieszka Markiewicz & Lars Jonung, 2011. "A Fiscal Union for the Euro: Some Lessons from History," NBER Working Papers 17380, National Bureau of Economic Research, Inc.
- Poterba, James M, 1994.
"State Responses to Fiscal Crises: The Effects of Budgetary Institutions and Politics,"
Journal of Political Economy, University of Chicago Press, vol. 102(4), pages 799-821, August.
- James M. Poterba, 1993. "State Responses to Fiscal Crisis: The Effects of Budgetary Institutionsand Politics," NBER Working Papers 4375, National Bureau of Economic Research, Inc.
- Adam S. Posen & Nicolas Veron, 2009.
"A Solution for Europe's Banking Problem,"
Policy Briefs
PB09-13, Peterson Institute for International Economics.
- Adam Posen & Nicolas Véron, 2009. "A solution for Europe's banking problem," Policy Briefs 310, Bruegel.
- 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.
- Mongelli, Francesco Paolo, 2002. ""New" views on the optimum currency area theory: what is EMU telling us?," Working Paper Series 138, European Central Bank.
- Marc Flandreau, 2006.
"The logic of compromise : monetary bargaining in Austria-Hungary 1867-1913,"
Working Papers
hal-01065619, HAL.
- Flandreau, Marc, 2006. "The Logic of Compromise: Monetary bargaining in Austria-Hungary 1867-1913," CEPR Discussion Papers 5397, C.E.P.R. Discussion Papers.
- Marc Flandreau, 2006. "The logic of compromise : monetary bargaining in Austria-Hungary 1867-1913," Sciences Po publications n°5397, Sciences Po.
- Marc Flandreau, 2006. "The logic of compromise : monetary bargaining in Austria-Hungary 1867-1913," Sciences Po publications info:hdl:2441/604, Sciences Po.
- Beine, Michel & Candelon, Bertrand, 2003.
"EMU Membership and Business Cycle Phases in Europe: Markov-Switching VAR Analysis,"
Journal of Economic Integration, Center for Economic Integration, Sejong University, vol. 18, pages 214-242.
- Michel Beine & Bertrand Candelon & Khalid Sekkat, 2003. "EMU membership and business cycle phases in Europe: a Markov switching VAR analysis," ULB Institutional Repository 2013/10441, ULB -- Universite Libre de Bruxelles.
- Thomas J. Sargent, 2012. "Nobel Lecture: United States Then, Europe Now," Journal of Political Economy, University of Chicago Press, vol. 120(1), pages 1-40.
- Calmfors, Lars, 1998.
"Macroeconomic Policy, Wage Setting, and Employment--What Difference Does the EMU Make?,"
Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 14(3), pages 125-151, Autumn.
- Calmfors, Lars, 1998. "Macroeconomic Policy, Wage Setting and Employment - What Difference Does the EMU Make?," Seminar Papers 657, Stockholm University, Institute for International Economic Studies.
- Calmfors, L., 1998. "Macroeconomic Policy, Wage Setting and Employment -What Differences Does the EMU Make?," Papers 657, Stockholm - International Economic Studies.
- Andrew K. Rose & T. D. Stanley, 2005.
"A Meta‐Analysis of the Effect of Common Currencies on International Trade,"
Journal of Economic Surveys, Wiley Blackwell, vol. 19(3), pages 347-365, July.
- Rose, Andrew, 2003. "A Meta-Analysis of the Effect of Common Currencies on International Trade," CEPR Discussion Papers 4341, C.E.P.R. Discussion Papers.
- Andrew Rose, 2004. "A Meta-Analysis of the Effect of Common Currencies on International Trade," NBER Working Papers 10373, National Bureau of Economic Research, Inc.
- Virginie Boinet & Oreste Napolitano & Nicola Spagnolo, 2005. "Was the Currency Crisis in Argentina Self-Fulfilling?," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 141(2), pages 357-368, July.
- Heinz, Frigyes Ferdinand & Rusinova, Desislava, 2011. "How flexible are real wages in EU countries? A panel investigation," Working Paper Series 1360, European Central Bank.
- 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 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," 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," 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.
- Paul De Grauwe, 2014.
"What Have We Learnt about Monetary Integration since the Maastricht Treaty?,"
World Scientific Book Chapters, in: Exchange Rates and Global Financial Policies, chapter 11, pages 273-296,
World Scientific Publishing Co. Pte. Ltd..
- Paul De Grauwe, 2006. "What Have we Learnt about Monetary Integration since the Maastricht Treaty?," Journal of Common Market Studies, Wiley Blackwell, vol. 44(4), pages 711-730, November.
- Paul De Grauwe, 2006. "What have we learnt about monetary integration since the Maastricht Treaty?," Working Papers 03-2006, Macerata University, Department of Studies on Economic Development (DiSSE), revised Nov 2008.
- Heiko Peters, 2006.
"Theorie optimaler Währungsräume vor dem Hintergrund der EU-Erweiterung,"
List Forum Chapter, in: List Gesellschaft e.V. (ed.), List Forum Band 32, edition 1, volume 3, chapter 12, pages 214-238,
List Gesellschaft e.V..
- Peters, Heiko, 2006. "Theorie optimaler Währungsräume vor dem Hintergrund der EU-Erweiterung," IÖB-Diskussionspapiere 4/06, University of Münster, Institute for Economic Education.
- repec:hal:wpspec:info:hdl:2441/604 is not listed on IDEAS
- Bayoumi, Tamim & Masson, Paul R., 1995.
"Fiscal flows in the United States and Canada: Lessons for monetary union in Europe,"
European Economic Review, Elsevier, vol. 39(2), pages 253-274, February.
- Bayoumi, Tamim & Masson, Paul R, 1994. "Fiscal Flows in the United States and Canada: Lessons for Monetary Union in Europe," CEPR Discussion Papers 1057, C.E.P.R. Discussion Papers.
- Rudiger Dornbusch, 1992. "Monetary problems of post-communism: Lessons from the end of the Austro-Hungarian empire," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 128(3), pages 391-424, September.
- Tamim Bayoumi, 1994.
"A Formal Model of Optimum Currency Areas,"
IMF Staff Papers, Palgrave Macmillan, vol. 41(4), pages 537-554, December.
- Mr. Tamim Bayoumi, 1994. "A Formal Model of Optimum Currency Areas," IMF Working Papers 1994/042, International Monetary Fund.
- Bayoumi, Tamim, 1994. "A Formal Model of Optimum Currency Areas," CEPR Discussion Papers 968, C.E.P.R. Discussion Papers.
- repec:hal:spmain:info:hdl:2441/604 is not listed on IDEAS
- Glick, Reuven & Rose, Andrew K., 2002.
"Does a currency union affect trade? The time-series evidence,"
European Economic Review, Elsevier, vol. 46(6), pages 1125-1151, June.
- Reuven Glick & Andrew K. Rose, 2001. "Does a Currency Union Affect Trade? The Time Series Evidence," NBER Working Papers 8396, National Bureau of Economic Research, Inc.
- Reuven Glick & Andrew K. Rose, 2001. "Does a currency union affect trade? the time series evidence," Working Paper Series 2001-13, Federal Reserve Bank of San Francisco.
- Rose, Andrew & Glick, Reuven, 2001. "Does a Currency Union Affect Trade? The Time Series Evidence," CEPR Discussion Papers 2891, C.E.P.R. Discussion Papers.
- Sheila Dow & Alberto Montagnoli & Oreste Napolitano, 2012.
"Interest Rates and Convergence across Italian Regions,"
Regional Studies, Taylor & Francis Journals, vol. 46(7), pages 893-905, October.
- Dow, Sheila & Montagnoli, Alberto & Napolitano, Oreste, 2009. "Interest rates and convergence across Italian regions," Stirling Economics Discussion Papers 2009-13, University of Stirling, Division of Economics.
- C. Randall HENNING & Martin KESSLER, 2012.
"Fiscal Federalism: US History for Architects of Europe’s Fiscal Union,"
Ekonomicheskaya Politika / Economic Policy, Russian Presidential Academy of National Economy and Public Administration, vol. 6, pages 1-31.
- C. Randall Henning & Martin Kessler, 2012. "Fiscal Federalism: US History for Architects of Europe's Fiscal Union," Working Paper Series WP12-1, Peterson Institute for International Economics.
- C. Randall Henning & Martin Kessler, 2012. "Fiscal federalism- US history for architects of Europe's fiscal union," Essays and Lectures 669, Bruegel.
- Marc Flandreau, 2006. "The logic of compromise : monetary bargaining in Austria-Hungary 1867-1913," Post-Print hal-01071968, HAL.
- 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, 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.
- Flandreau, Marc, 2006. "The logic of compromise: Monetary bargaining in Austria-Hungary, 1867–1913," European Review of Economic History, Cambridge University Press, vol. 10(1), pages 3-33, April.
- Willem H. Buiter, 1999.
"The EMU and the NAMU: What is the Case for North American Monetary Union?,"
Canadian Public Policy, University of Toronto Press, vol. 25(3), pages 285-305, September.
- Buiter, Willem H., 1999. "The EMU and the NAMU: What is the Case for North American Monetary Union?," CEPR Discussion Papers 2181, C.E.P.R. Discussion Papers.
- repec:zbw:bofitp:2001_014 is not listed on IDEAS
- 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.
- repec:hal:spmain:info:hdl:2441/603 is not listed on IDEAS
- Gustav A. Horn & Ulrich Fritsche & Wolfgang Scheremet, 2000. "Die doppelte Währungsunion: Deutschland und Europa im wirtschaftlichen Integrationsprozess ; ein Rückblick und ein Vergleich," Vierteljahrshefte zur Wirtschaftsforschung / Quarterly Journal of Economic Research, DIW Berlin, German Institute for Economic Research, vol. 69(2), pages 163-177.
- Barry Eichengreen, 2010.
"The Breakup of the Euro Area,"
NBER Chapters, in: Europe and the Euro, pages 11-51,
National Bureau of Economic Research, Inc.
- Barry Eichengreen, 2007. "The Breakup of the Euro Area," NBER Working Papers 13393, National Bureau of Economic Research, Inc.
- Krugman, Paul, 1989.
"Differences in income elasticities and trends in real exchange rates,"
European Economic Review, Elsevier, vol. 33(5), pages 1031-1046, May.
- Paul Krugman, 1988. "Differences In Income Elasticities and Trends in Real Exchange Rates," NBER Working Papers 2761, National Bureau of Economic Research, Inc.
- Crespo-Cuaresma, Jesús & Fernández-Amador, Octavio, 2013.
"Business cycle convergence in EMU: A second look at the second moment,"
Journal of International Money and Finance, Elsevier, vol. 37(C), pages 239-259.
- Crespo Cuaresma , Jesus & Fernandez Amador, Octavio, 2010. "Business cycle convergence in EMU: A second look at the second moment," Working Papers in Economics 2010-13, University of Salzburg.
- Jesús Crespo-Cuaresma & Octavio Fernández-Amador, 2010. "Business cycle convergence in EMU: A second look at the second moment," Working Papers 2010-25, Faculty of Economics and Statistics, Universität Innsbruck.
- 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.
- Bela Balassa, 1964. "The Purchasing-Power Parity Doctrine: A Reappraisal," Journal of Political Economy, University of Chicago Press, vol. 72(6), pages 584-584.
- Jean Pisani-Ferry & André Sapir & Nicolas Véron & Guntram B. Wolff, 2012. "What kind of European banking union?," Policy Contributions 731, Bruegel.
- repec:bla:jcmkts:v:44:y:2006:i::p:711-730 is not listed on IDEAS
- repec:onb:oenbwp:y::i:69:b:1 is not listed on IDEAS
- Claudia Buch & Paola Monti, 2010.
"Openness and income disparities: does trade explain the “Mezzogiorno effect”?,"
Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 145(4), pages 667-688, January.
- Claudia M. Buch & Paola Monti, 2008. "Openness and Income Dispaities: Does Trade Explain the 'Mezzogiorno' Effect?," IAW Discussion Papers 41, Institut für Angewandte Wirtschaftsforschung (IAW).
- Buiter, Willem H., 2000.
"Optimal currency areas: why does the exchange rate regime matter? (with an application to UK membership in EMU),"
LSE Research Online Documents on Economics
20178, London School of Economics and Political Science, LSE Library.
- W.H. Buiter, 2000. "Optimal Currency Areas: Why Does the Exchange Rate Regime Matter? (With an Application to UK Membership in EMU)," CEP Discussion Papers dp0462, Centre for Economic Performance, LSE.
- von Hagen, Jurgen & Neumann, Manfred J M, 1994.
"Real Exchange Rates within and between Currency Areas: How Far Away Is EMU?,"
The Review of Economics and Statistics, MIT Press, vol. 76(2), pages 236-244, May.
- Neumann, Manfred J.M. & von Hagen, Jürgen, 1992. "Real Exchange Rates Within and Between Currency Areas: How Far Away is EMU?," CEPR Discussion Papers 660, C.E.P.R. Discussion Papers.
- Emerson, Michael & Gros, Daniel & Italianer, Alexander & ,, 1992. "One Market, One Money: An Evaluation of the Potential Benefits and Costs of Forming an Economic and Monetary Union," OUP Catalogue, Oxford University Press, number 9780198773245, Decembrie.
- Ang, Andrew & Longstaff, Francis A., 2013.
"Systemic sovereign credit risk: Lessons from the U.S. and Europe,"
Journal of Monetary Economics, Elsevier, vol. 60(5), pages 493-510.
- Andrew Ang & Francis A. Longstaff, 2011. "Systemic Sovereign Credit Risk: Lessons from the U.S. and Europe," NBER Working Papers 16982, National Bureau of Economic Research, Inc.
- Eichengreen, B., 1992. "Should the Maastricht Treaty be Saved?," Princeton Studies in International Economics 74, International Economics Section, Departement of Economics Princeton University,.
- ,, 2009. "Economics of Monetary Union," OUP Catalogue, Oxford University Press, edition 8, number 9780199563234, Decembrie.
- George Tavlas, 1994. "The theory of monetary integration," Open Economies Review, Springer, vol. 5(2), pages 211-230, March.
- Michael D. Bordo & Angela Redish & Hugh Rockoff, 2015. "Why didn't Canada have a banking crisis in 2008 (or in 1930, or 1907, or …)?," Economic History Review, Economic History Society, vol. 68(1), pages 218-243, February.
- Michael D. Bordo & Christopher Meissner & Angela Redish, 2003. "How "Original Sin" was Overcome: The Evolution of External Debt Denominated in Domestic Currencies in the United States and the British Dominions," NBER Working Papers 9841, National Bureau of Economic Research, Inc.
- 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.
- Mr. Paul Cashin & Mr. Antonio Lemus, 2012. "The Eastern Caribbean Currency Union: Would a Fiscal Insurance Mechanism Mitigate National Income Shocks?," IMF Working Papers 2012/017, International Monetary Fund.
- 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.
- Herbert Buscher & Hubert Gabrisch, 2012. "The synchronization of wage dynamics across EMU members. A test of the endogeneity hypothesis," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 39(3), pages 327-340, August.
- 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.
- Stasavage, David, 1997. "The CFA Franc Zone and Fiscal Discipline," Journal of African Economies, Centre for the Study of African Economies, vol. 6(1), pages 132-167, March.
- C. A. E. Goodhart, 1995. "The Political Economy of Monetary Union (1995)," Palgrave Macmillan Books, in: The Central Bank and the Financial System, chapter 8, pages 156-202, Palgrave Macmillan.
- Daniel Gros, 2006. "The World in 2016: A Perspective for the Wider Europe," Vierteljahrshefte zur Wirtschaftsforschung / Quarterly Journal of Economic Research, DIW Berlin, German Institute for Economic Research, vol. 75(2), pages 79-90.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Michaela Posch & Stefan W. Schmitz & Katharina Steiner & Eva Ubl, 2019. "The case for macroprudential policy as a stabilizing tool for the euro area," Monetary Policy & the Economy, Oesterreichische Nationalbank (Austrian Central Bank), issue 19/Q1-Q2, pages 124-138.
- Stefan Ederer & Peter Reschenhofer, 2013. "Macroeconomic Imbalances in the EU. WWWforEurope Working Paper No. 42," WIFO Studies, WIFO, number 47017, October.
- Fritz Breuss, 2012. "Towards a New EMU," WIFO Working Papers 447, WIFO.
- Stefan Ederer & Stefan Weingärtner, 2013. "Remapping EMU. On the Future Construction of Economic and Monetary Union. WWWforEurope Policy Paper No. 5," WIFO Studies, WIFO, number 47009, October.
- Donato Masciandaro & Davide Romelli, 2017. "Optimal Currency Area and European Monetary Membership: Economics and Political Economy," BAFFI CAREFIN Working Papers 1760, BAFFI CAREFIN, Centre for Applied Research on International Markets Banking Finance and Regulation, Universita' Bocconi, Milano, Italy.
- Kawecka-Wyrzykowska Elżbieta, 2017. "Is Intra-Industry Trade Specialization a Precondition to Business Cycle Synchronization When Joining the Euro Area? The Case of Poland," International Journal of Management and Economics, Warsaw School of Economics, Collegium of World Economy, vol. 53(4), pages 50-60, December.
- Stefan Ederer & Stefan Weingärtner, 2013. "Zur Vertiefung der Wirtschafts- und Währungsunion," WIFO Monatsberichte (monthly reports), WIFO, vol. 86(6), pages 493-507, June.
- Donato Masciandaro & Davide Romelli, 2018. "To Be or not to Be a Euro Country? The Behavioural Political Economics of Currency Unions," BAFFI CAREFIN Working Papers 1883, BAFFI CAREFIN, Centre for Applied Research on International Markets Banking Finance and Regulation, Universita' Bocconi, Milano, Italy.
- Stefan Ederer, 2015. "Macroeconomic Imbalances and Institutional Reforms in the EMU. WWWforEurope Working Paper No. 87," WIFO Studies, WIFO, number 57896, October.
- Michaela Posch & Stefan W. Schmitz & Katharina Steiner & Eva Ubl, 2019. "The case for macroprudential policy as a stabilizing tool for the euro area," Monetary Policy & the Economy, Oesterreichische Nationalbank (Austrian Central Bank), issue Q1-Q2/19, pages 124-138.
- István Benczes & Balázs Szent-Iványi, 2016. "Rising Hopes in the European Economy Amidst Global Uncertainties," Journal of Common Market Studies, Wiley Blackwell, vol. 54, pages 167-184, September.
- Stefan Ederer & Stefan Weingärtner, 2013. "Deeper Integration of Economic and Monetary Union," Austrian Economic Quarterly, WIFO, vol. 18(3), pages 135-148, August.
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.- 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.
- Francesco Paolo Mongelli, 2008. "European Economic and Monetary Integration, and the Optimum Currency Area Theory," European Economy - Economic Papers 2008 - 2015 302, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
- Mohd Hussain Kunroo & Irfan Ahmad Sofi & Naushad Ali Azad, 2016. "Trade implications of the Euro in EMU countries: a panel gravity analysis," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 43(2), pages 391-413, May.
- Ricci, Luca Antonio, 2008.
"A Model of an Optimum Currency Area,"
Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), Kiel Institute for the World Economy (IfW Kiel), vol. 2, pages 1-31.
- Ricci, Luca Antonio, 1996. "A model of an optimum currency area," Discussion Papers, Series II 305, University of Konstanz, Collaborative Research Centre (SFB) 178 "Internationalization of the Economy".
- Ricci, Luca Antonio, 2007. "A Model of an Optimum Currency Area," Economics Discussion Papers 2007-45, Kiel Institute for the World Economy (IfW Kiel).
- Mr. Luca A Ricci, 1997. "A Model of an Optimum Currency Area," IMF Working Papers 1997/076, International Monetary Fund.
- 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.
- Michael J. Artis, 2002. "Reflections on the Optimal Currency Area (OCA) criteria in the light of EMU," Working Papers 69, Oesterreichische Nationalbank (Austrian Central Bank).
- 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.
- Donato Masciandaro & Davide Romelli, 2018. "To Be or not to Be a Euro Country? The Behavioural Political Economics of Currency Unions," BAFFI CAREFIN Working Papers 1883, BAFFI CAREFIN, Centre for Applied Research on International Markets Banking Finance and Regulation, Universita' Bocconi, Milano, Italy.
- Praussello, Franco, 2012. "The Theory of Endogenous Optimum Currency Areas: A Critical Note - La teoria delle aree monetarie ottimali endogene: una nota critica," Economia Internazionale / International Economics, Camera di Commercio Industria Artigianato Agricoltura di Genova, vol. 65(1), pages 83-95.
- 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, October.
- Alban Mathieu, 2021. "Frankel and Rose’s Introduction to the Endogeneity of Optimality: A Model Limited to the European Monetary Experience," Economic Alternatives, University of National and World Economy, Sofia, Bulgaria, issue 2, pages 299-314, July.
- Tomas Adam & Oxana Babecka Kucharcukova & Jan Babecky & Vojtech Belling & Sona Benecka & Jan Bruha & Kamil Galuscak & Tomas Holub & Eva Hromadkova & Lubos Komarek & Zlatuse Komarkova & Kamila Kulhava , 2015. "Analyses of the Czech Republic's Current Economic Alignment with the Euro Area 2015," Occasional Publications - Edited Volumes, Czech National Bank, number as15 edited by Kamila Kulhava & Lucie Matejkova, July.
- Paolo Pasimeni, 2014.
"An Optimum Currency Crisis,"
European Journal of Comparative Economics, Cattaneo University (LIUC), vol. 11(2), pages 173-204, December.
- Pasimeni, Paolo, 2013. "An Optimum Currency Crisis," MPRA Paper 53506, University Library of Munich, Germany.
- 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.
- 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.
- Crespo-Cuaresma, Jesús & Fernández-Amador, Octavio, 2013.
"Business cycle convergence in EMU: A second look at the second moment,"
Journal of International Money and Finance, Elsevier, vol. 37(C), pages 239-259.
- Crespo Cuaresma , Jesus & Fernandez Amador, Octavio, 2010. "Business cycle convergence in EMU: A second look at the second moment," Working Papers in Economics 2010-13, University of Salzburg.
- Jesús Crespo-Cuaresma & Octavio Fernández-Amador, 2010. "Business cycle convergence in EMU: A second look at the second moment," Working Papers 2010-25, Faculty of Economics and Statistics, Universität Innsbruck.
- Hélène Erkel-Rousse, 1997. "Degré de flexibilité des marchés du travail, ajustement à des chocs asymétriques et union monétaire européenne," Économie et Prévision, Programme National Persée, vol. 128(2), pages 79-100.
- Weimann, Marco, 2002. "OCA theory and EMU eastern enlargement: An empirical application," Dresden Discussion Paper Series in Economics 07/02, Technische Universität Dresden, Faculty of Business and Economics, Department of Economics.
- George S. Tavlas, 2009.
"The Benefits And Costs Of Monetary Union In Southern Africa: A Critical Survey Of The Literature,"
Journal of Economic Surveys, Wiley Blackwell, vol. 23(1), pages 1-43, February.
- Stephen G. Hall & George Hondroyiannis & P.A.V.B. Swamy & George S. Tavlas, 2007. "The Benefits and Costs of Monetary Union in Southern Africa A Critical Survey of the Literature," Working Papers 3247, South African Reserve Bank.
- George S. Tavlas, 2008. "The Benefits and Costs of Monetary Union in Southern Africa: A Critical Survey of the Literature," Working Papers 70, Bank of Greece.
- Katerina Arnostova & Oxana Babecka Kucharcukova & Jan Babecky & Vojtech Belling & Sona Benecka & Jan Bruha & Martin Gurtler & Tomas Holub & Eva Hromadkova & Lubos Komarek & Zlatuse Komarkova & Petr Kr, 2016. "Analyses of the Czech Republic's Current Economic Alignment with the Euro Area 2016," Occasional Publications - Edited Volumes, Czech National Bank, number as16 edited by Katerina Arnostova & Lucie Matejkova, July.
- Campos, Nauro F. & Macchiarelli, Corrado, 2021.
"The dynamics of core and periphery in the European monetary union: A new approach,"
Journal of International Money and Finance, Elsevier, vol. 112(C).
- Campos, Nauro F. & Macchiarelli, Corrado, 2021. "The dynamics of core and periphery in the European monetary union: a new approach," LSE Research Online Documents on Economics 113423, London School of Economics and Political Science, LSE Library.
More about this item
Keywords
Eurozone; endogenous optimum currency areas; national and multinational currency unions;All these keywords.
JEL classification:
- E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
- E65 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Studies of Particular Policy Episodes
- F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions
- F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration
- F42 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - International Policy Coordination and Transmission
- F55 - International Economics - - International Relations, National Security, and International Political Economy - - - International Institutional Arrangements
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:pra:mprapa:67183. 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: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.