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Common Currency Area

A Common Currency Area for MENA Countries? A VAR Analysis of viability

A Common Currency Area for MENA Countries? A VAR Analysis of viability

... a common anchor currency is built on the template of the European Monetary System (EMS), where a central grid was established by fixing member currencies to the ECU (European Currency ...a ...

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External adjustment with a common currency: the case of the euro area (1 MB)

External adjustment with a common currency: the case of the euro area (1 MB)

... of currency movements on the external positions for a large sample of ...a common currency area has received little at- tention in the literature, despite the fact that an important mechanism ...

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Is East Asia an optimum currency area?

Is East Asia an optimum currency area?

... Optimum Currency Area ...a common currency area in the East Asian economies employing the Bayesian State-Space Based ...a common regional shock would provide a case for a ...

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Development of convergence in foreign trade of the new EU-members

Development of convergence in foreign trade of the new EU-members

... In the second evolutionary phase of theory develo- pment the economists focused on evaluation of assets and costs following from membership in currency integration. The new attribute – the shock similarity was ...

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Culture, geography, institutions and cross border bank lending and risk taking

Culture, geography, institutions and cross border bank lending and risk taking

... In a seminal paper on the relationship between culture, trust, and economic exchange, Guiso, Sapienza and Zingales (2009) explore trade in goods and services, foreign direct investment, and portfolio flows between ...

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Optimum currency area indices: evidence from the 1990s

Optimum currency area indices: evidence from the 1990s

... optimum currency area (OCA) theory arises from the debates about the exchange rate regimes and adjustment under balance of payments ...optimum currency area can differ from the actual ...

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The proposed eco: should West Africa proceed with a common currency?

The proposed eco: should West Africa proceed with a common currency?

... The feasibility of a wider monetary unification in ECOWAS poses several economic and institutional peculiarities as discussed in detail by Tsangarides and Qureshi (2008) and Masson and Pattillo (2005). First, it is ...

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Concept of Integrative Currency Area and Application to the Central Europe

Concept of Integrative Currency Area and Application to the Central Europe

... What is more presented considerations may serve as an intellectual tool on a way to creation of union of countries belonging to ABC area. The ABC is an ab- breviation where A means Adriatic Sea, B means Baltic Sea ...

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ISSUING POLICIES IN CURRENCIES DENOMINATED IN EUROS AND EUROCENTS

ISSUING POLICIES IN CURRENCIES DENOMINATED IN EUROS AND EUROCENTS

... foreign currency. Beside this foreign currency, the official, legal and definite means of payment is the national ...foreign currency to be the object of certain financial transactions (from the ...

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The Danish Referendum on the Treaty of Amsterdam Europas? ZEI Discussion Papers: 1998, C 17

The Danish Referendum on the Treaty of Amsterdam Europas? ZEI Discussion Papers: 1998, C 17

... Polls indicated that the common foreign policy, the common defence as well as the common currency and the common European citizenship were unpopular with the voters.5 Another indication [r] ...

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The single global currency   common cents for the world (2008 Edition)

The single global currency common cents for the world (2008 Edition)

... “Global Currency”, as of 15 Feb- ruary 2006, is an example of how public awareness of the Single Global Currency needs to be ...global currency, in the form of a modern currency produced and ...

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Optimum currency area theory: an approach for thinking about monetary integration

Optimum currency area theory: an approach for thinking about monetary integration

... We argue in the paper that the OCA theory is an approach for discussion about monetary integration rather that a dead-end theory or neo-Keynesian relic. Since the OCA theory has low operational precision due to its ...

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On The Feasibility of a Common Currency in West Africa: Evidence from a Multivariate Structural VAR

On The Feasibility of a Common Currency in West Africa: Evidence from a Multivariate Structural VAR

... In line with Taylor (2010), the finding from this study does not support selective expansion of the Existing Monetary Union (WAEMU) as prescribed by Masson and Pattillo (2005). It does not appear that there is any ...

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Climate change: an area of 'common concern'

Climate change: an area of 'common concern'

... While the later centres on industrial nations formally collaborating through an international agreement that commits the parties involved to act jointly in reducing man-made carbon dioxi[r] ...

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The European Union and monetary integration in West Africa. ZEI Discussion Paper No. C206, 2011

The European Union and monetary integration in West Africa. ZEI Discussion Paper No. C206, 2011

... As has already been mentioned, since 1962 the Francophone West African countries have shared a common currency, the CFA Franc, which has a fixed parity with the French Franc. Operationally, the BCEAO has an ...

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Interim report By Ad Hoc Committee on Institutional Affairs to the European Council (Dublin, 3-4 December 1984). (Interim Dooge Report)

Interim report By Ad Hoc Committee on Institutional Affairs to the European Council (Dublin, 3-4 December 1984). (Interim Dooge Report)

... 1 Reservation of Mr Papantoniou on the inclusion of references to ' effective powers , common independent central bank system , European Monetary Fund and common currency.. 2 Mr Rifkind [r] ...

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The currency union effect on trade is decreasing over time

The currency union effect on trade is decreasing over time

... Estimating a theoretical gravity model over a sixty-year period, I found an unexpected trend: the CU impact on trade is decreasing over time. This effect is found to be economically and statistically large until the ...

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The Single Global Currency   Common Cents for the World (2007 Edition)

The Single Global Currency Common Cents for the World (2007 Edition)

... who invested in stocks paralleling the Standard and Poors Index which gained 29 percent, the currency fluctuation elimi- nated more than half of the gain. For those who held 10-year US Treasury notes, bearing 1.4 ...

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Is the East African Community an Optimum Currency Area?

Is the East African Community an Optimum Currency Area?

... optimum currency area (OCA) by examining the synchronization of structural shocks of the member ...optimum currency areas, whereby countries under a monetary union share a common monetary ...

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Investigation Of Economic Stability In Optimum Currency Area

Investigation Of Economic Stability In Optimum Currency Area

... a currency union ...euro area member countries in the emergence of regional currency ...of currency systems and the theory of optimal currency zone, how the euro area was formed ...

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