optimum currency area criterion
Empirical Results for Some Monetary Areas According to Optimum Currency Area Criteria
... the optimum currency area as an area with internal mobility and external immobility of production factors, especially labour and with fi xed exchange ...an optimum currency ...
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On the Feasibility of Monetary Union: Does It Make Sense to Look for Shocks Symmetry across Countries When None of the Countries Constitutes an Optimum Currency Area?
... Information Criterion and Swartz Criterion were used to test for the appropriate lag order, but these tests did not give robust lag suggestions for the VARs, with several high lag suggestions of 12 and 10 ...
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Optimum currency area: an epistemological view
... major criterion of defining one area’s optimality is the degree of product diversity, introduced by Peter ...monetary area must have a well diversified production in order to make the shocks determined by ...
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Monetary Integration and Optimum Currency Area in ASEAN+3: What we need for a new framework?
... on 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 ...
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Is East Asia an optimum currency area?
... OCA criterion of symmetry in underlying disturbances, they conclude that these two groups of countries are likely to form separate ...a currency union than the continental European countries were in 1987 (a ...
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Is Mercosur an optimum currency area?
... Then we took ‘core’ Mercosur and included Venezuela afterward. (Chile and Bolivia presented stationary series and then could not even be considered in the cointegration analysis.) Table 7 shows trace and max statistics ...
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Achieving Sensitivity Robustness in the Optimum Design of a conical vessel An illustration
... If any how the effect of this Transmitted Variation or Induced Variation in the design function is taken care of such that despite variations no improper functioning and no failure is ensured up to a certain extent then ...
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Concept of Integrative Currency Area and Application to the Central Europe
... How to make the ABC Union work is a following question. It is worth noting that the creation and development of the ICA is not necessarily an equivalent to total freedom of movement for the population. An agreement about ...
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On a Globalized Exchange Rate Model and Currency Unions: A Note
... Exchange rate systems have evolved over the past few decades in a remarkable manner and occupy a considerable part of economic literature. In other words, there is no doubt about the critical role that exchange rate ...
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Optimum Swept Angle Estimation based on the Specific Cutting Energy in Milling AISI 1045 Steel Alloy
... Mechanical machining processes are common manufacturing strategies to re-shape materials to desired specification. The mechanistic approach has revealed the mechanics of the machining processes with various parameters ...
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The Optimum Currency Area Is the Euro Zone an Optimum Currency Area?
... an optimum currency area, we could appreciate that EU fulfils certain criteria established within the theory of the optimum currency ...sub-optimum currency area, ...
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Portfolio Optimization with International Diversification
... percent when the profits are converted back into U.S. dollars. This sometimes causes the investment to take a hit and could be one of the many reasons why investors have a home bias. However, business have found a way ...
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The endogeneity of optimum currency area criteria in the context of financial crisis: Evidence from the time frequency domain analysis
... The used time series comprise a very long time period including several significant and temporary economic recessions called crises. The singular value decomposition provides the band-pass filtered output (Figure 1). ...
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A Design Solution to Reduce DC Bus Voltage Stress in Single Switch Power Quality Converter
... Abstract: Power quality is becoming an important issue for electricity consumers at all level of usages. Sensitive equipment and non-linear loads are common in both industrial and domestic environment. Harmonic ...
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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, ...
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Essays on an ASEAN Optimal Currency Area
... Table 1.11 provides a quick look at GDP broken down by three sectors: agriculture, industry and service. This table provides some insight into why specific clusters may have been identified through the G-PPP approach. ...
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The fiscal compact - Europe's "hard core" based on German economic conditions. OSW Commentary No. 71, 2012-03-07
... rency area. In the future, a country, in order to adopt the single currency, will have to meet the structural deficit criterion, and also most probably carry out economic reforms such as unifying its ...
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Allais anonymity as an alternative to the discounted sum criterion in the calculus of optimal growth I: Consensual optimality
... timality criterion expressing an Allais-anonymous intergenerational ...consensual optimum is the subject of a forthcoming paper "Allais-anonymity as an alternative to the discounted-sum criterion ...
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Business Cycle Synchronization and Optimum Currency Areas: The Case of the Economic Community of West African States
... a currency area should not only be based on ex- ante conditions, but rather emphasis should be laid on ex-post conditions that yield economic effects ...
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A quantifying method of microinvestment optimum
... the optimum essence consists in ensuring the system functionality of the factors interdependence at the optimum level and not in the maximisation or minimisation of the action or the level of only one of ...
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