Currency Area
The Optimum Currency Area Is the Euro Zone an Optimum Currency Area?
... optimum currency area, we could appreciate that EU fulfils certain criteria established within the theory of the optimum currency ...sub-optimum currency area, there are still a series ...
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Empirical Results for Some Monetary Areas According to Optimum Currency Area Criteria
... optimum currency area as an area with internal mobility and external immobility of production factors, especially labour and with fi xed exchange ...optimum currency area, therefore a fl ...
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Is the East African Community an Optimum Currency Area?
... In this paper, we investigate the degree and the evolution of business cycle synchronization in the EAC. In doing so, we go beyond the simple correlation analysis that has been performed before for these countries. ...
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Optimum currency area indices: evidence from the 1990s
... common currency without substantial change in their purchasing parities, then they gain better allocation of the capital, since they will get rid of the uncertainty in the exchange ...common currency, there ...
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Concept of Integrative Currency Area and Application to the Central Europe
... integrative currency area concept yields insight into the duality of capital and ...integrative currency area leads in the final effect to a global currency area; that is to say, ...
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A Common Currency Area for MENA Countries? A VAR Analysis of viability
... “Common Currency” called “Arab ...for currency union among their six ...common currency area could be in place among the six GCC nations by 2010 – ...common currency was first ...
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Optimum currency area theory: an approach for thinking about monetary integration
... common currency could imply that a country with a higher unemployment rate, relative to other members of the currency area, would no longer have the option of using a monetary ...
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Is the ESM able to manage the challenges of the euro area as a non optimum currency area currently being in a heavy crisis?
... euro area with an investigated period of the last years one can say that the initially expressed assumption is mainly ...euro area in its present condition only inadequately and at best partially ...
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Determinants of sovereign bond yield spreads in the EMU: An optimal currency area perspective
... In the light of the recent financial crisis, we take a panel cointegration approach that allows for structural breaks to the analysis of the determinants of sovereign bond yield spreads in nine economies of the European ...
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Determinants of Sovereign Bond Yield Spreads in the EMU. An Optimal Currency Area Perspective
... In the light of the recent financial crisis, we take a panel cointegration approach that allows for structural breaks to the analysis of the determinants of sovereign bond yield spreads in nine economies of the European ...
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Optimal currency area and business cycle synchronization across U S states
... same currency but with asymmetric business cycles will incur costs associated with the monetary authority making decisions which benefit not all countries within the monetary ...The area of focus in this ...
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CO-MOVEMENT 4 PERIOD ASEAN CURRENCY 1997-2005 A THEORY APPLICATION NAMELY OPTIMAL CURRENCY AREA USING VECTOR ERROR CORRECTION MODEL
... Optimum Currency Area (OCA), this paper utilize the Vector Error Correction Model (VECM) to identify the dynamic short term and the long term co-movement between the ASEAN 4 currencies, including their ...
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PENERAPAN KRITERIA OPTIMUM CURRENCY AREA DAN VOLATILITASNYA: STUDI KASUS ASEAN-5 +3
... optimum currency area (OCA), can be reduced in order justify the feasibility of the OCA idea within ASEAN5 plus ...challenging area to synchronize in the following ...form currency optimum ...
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IMPLEMENTATION OF OPTIMUM CURRENCY AREA CRITERIA AND ITS VOLATILITY: CASE STUDY ASEAN-5+3
... optimum currency area (OCA), can be reduced in order justify the feasibility of the OCA idea within ASEAN5 plus ...challenging area to synchronize in the following ...form currency optimum ...
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Monetary Integration and Optimum Currency Area in ASEAN+3: What we need for a new framework?
... optimum currency area- the intensive for two economies to peg their bilateral exchange rate rise with the bilateral intensity of trade, flexibility of factor markets and symmetry of underlying ...a ...
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Is East Asia an optimum currency area?
... This paper assesses the empirical desirability of the East Asian economies to an alternative exchange rate arrangement (a monetary union) that can potentially enhance the exchange rate stability and credibility in the ...
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Is Mercosur an optimum currency area?
... Stationarity analysis pointed to nonstationary real exchange rates in Mercosur. This allows one to perform cointegration analysis to assess G-PPP. Our findings at first suggest that the null of noncointegration cannot be ...
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The Global Currency Area a Way to Constructively End the Era of Reserve Currency
... integrative currency area concept yields insight into the duality of capital and ...integrative currency area leads in the final effect to a global currency area; that is to say, ...
14
Optimum currency area: an epistemological view
... This paper aims to provide a critical analysis of the evolution of the optimum currency area theory. The motivation for this paper arises from the fact that there are many studies that make references to ...
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Essays on an ASEAN Optimal Currency Area
... Optimal Currency Area theory provides a framework that lets researchers study the potential costs and benefits of complete monetary and financial ...
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