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, internati...
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| Format: | Revue |
| Langue: | English |
| Publié: |
Washington, D.C. :
International Monetary Fund,
1997.
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| Collection: | IMF Working Papers; Working Paper ;
No. 1997/076 |
| Accès en ligne: | Full text available on IMF |