A Theory of Optimum Currency Areas : Revisited /

Starting with Friedman and Mundell the academic literature has conducted a high level debate concerning the design of cross-country monetary arrangements. That debate has become very complex and the data requirements necessary for appropriate application of the principles developed are far beyond th...

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Bibliografske podrobnosti
Glavni avtor: Flood, Robert
Drugi avtorji: Aizenman, Joshua
Format: Revija
Jezik:English
Izdano: Washington, D.C. : International Monetary Fund, 1992.
Serija:IMF Working Papers; Working Paper ; No. 1992/039
Online dostop:Full text available on IMF
Opis
Izvleček:Starting with Friedman and Mundell the academic literature has conducted a high level debate concerning the design of cross-country monetary arrangements. That debate has become very complex and the data requirements necessary for appropriate application of the principles developed are far beyond the means of the very nations for which the principles might be valuable. In this paper we return to the simplicity of the early arguments and formalize them in a way that may be helpful for currency area decisions where little is known about economic structure.
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Fizični opis:1 online resource (24 pages)
Format:Mode of access: Internet
ISSN:1018-5941
Dostop:Electronic access restricted to authorized BRAC University faculty, staff and students