A Model of An Optimum Currency Area

A Model of An Optimum Currency Area
This paper investigates the circumstances under which it is beneficial to participate in a currency area. A two-country monetary model of trade with nominal rigidities encompasses the real and monetary arguments suggested by the optimum currency area literature: correlation of real shocks, international factor mobility, fiscal adjustment,... READ MORE...

Publication date: June 1997
ISBN 9781451849837
$15.00

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