Optimal Currency Area
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 ...
22
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 ...
112
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 ...
26
Is Latin America an Optimal Currency Area? Evidence from a Structural Vector Auto regression analysis
... common currency is established (because of labor market rigidity and low factor mobility), and no benefits from the financial openness ...a currency union could be the increase in ...regional ...
37
Optimal currency area and business cycle synchronization across U S states
... common currency area could theoretically lead to more asynchronous business cycles, since regions may specialize in industries in which they have a comparative advantage, see also Krugman ...common ...
18
CO-MOVEMENT 4 PERIOD ASEAN CURRENCY 1997-2005 A THEORY APPLICATION NAMELY OPTIMAL CURRENCY AREA USING VECTOR ERROR CORRECTION MODEL
... A study that specially focus on the ASIAN currencies (IDR, THB, PHP, SGD, KRW, MYR) towards the two world currencies which are USD and JPY is done by Takagi (1996). He used a descriptive approach through episodes ...
34
PERGERAKAN BERSAMA MATA UANG ASEAN 4 PERIODE 1997-2005: SUATU APLIKASI TEORI OPTIMAL CURRENCY AREA DENGAN MENGGUNAKAN MODEL VECTOR ERROR CORRECTION
... Syarat dan kondisi teoritis dimana penyatuan mata uang adalah menguntungkan merupakan subyek dari teori Optimum Currency Area (OCA). Teori OCA modern secara komprehensif diuraikan oleh Robert Mundell (1961) ...
36
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. ...
22
Development of convergence in foreign trade of the new EU-members
... OF OPTIMAL CURRENCY AREA The consequences of the low nominal and real con- vergence for prosperousness of an economic integra- tion are discussed from late ...cy area integrates the ...
10
Currency Areas: Public Debt, Inflation and Unemployment
... In our analysis, the euro crisis has led us to interesting issues of theory and economic policy. It has shown us, without a doubt, that the European Monetary Union is not an optimal currency area and ...
13
Concept of Integrative Currency Area and Application to the Central Europe
... of optimal currency ...mon currency area. The euro area requires that labor productivity is at a simi- lar ...a currency zone for countries with different levels of ...
15
The Global Currency Area a Way to Constructively End the Era of Reserve Currency
... Here it is worth noting that the creation and development of the GCA are not equivalent to global freedom of movement for the population. The GCA is a way to strive for a welfare state, which can be achieved by wise, ...
14
The Dynamic International Optimal Hedge Ratio
... dynamic optimal hedge ratios between horizons. For example, the dynamic optimal hedge ratios of the daily horizons apparently emerge the mean-reverting ...international optimal hedge ratios to ...
32
Optimal irrigation managementatmundoghatcanal command area ofhirakudcanalsystem using genetic algorithm
... command area of Mundoghat ...administration. Optimal use of available water resourcescan be achieved when both surface water and ground water are to be used conjunctively to maximize agricultural ...command ...
5
Empirical Results for Some Monetary Areas According to Optimum Currency Area Criteria
... In case of MERCOSUR we could barely fi nd a pair of countries with better values compare with euro area’s all-time average. It seems to be convenient for both Canada and Mexico to adopt a common currency with the ...
9
The Friedman rule in today’s perspective
... an optimal (absolute) quantity of real currency and respectively a very inflexible velocity of ...the currency: “resource costs, associated functions, competitiveness, inventory costs, volume of ...
35
Asymmetric shocks on its head and lender of last resort theories of optimal currency areas
... foreign currency exposure, but its domestic customers do ...foreign currency, including Swiss franc, euro and ...foreign currency exposure and as regards the currency mismatch in the non-bank ...
12
Optimal inflation weights in the Euro Area
... the optimal monetary policy (char- acterized as an inflation targeting regime) stabilizes core inflation rather than a broader measure of ...the optimal policy in a currency area and develops ...
29
External adjustment with a common currency: the case of the euro area (1 MB)
... foreign currency liabilities and large debtor positions, could be affected by a local currency depre- ciation as it may trigger large valuation effects that further increase their debtor ...common ...
40
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 ...
31