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A Model of an Optimum Currency Area

A Model of an Optimum Currency Area »

Volume/Issue: 1997/76

Series: IMF Working Papers

Author(s): Luca Ricci

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 1997

DOI: http://dx.doi.org/10.5089/9781451849837.001

ISBN: 9781451849837

Keywords: Optimum currency areas, cost-benefit analysis, exchange rate regimes, currency union, monetary integration, inflation, exchange rate, monetary shocks, exchange rates, currency areas

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 su...

A Model of an Optimum Currency Area1

A Model of an Optimum Currency Area1 »

Source: A Model of an Optimum Currency Area

Volume/Issue: 1997/76

Series: IMF Working Papers

Author(s): Luca Ricci

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 1997

ISBN: 9781451849837

Keywords: Optimum currency areas, cost-benefit analysis, exchange rate regimes, currency union, monetary integration, inflation, exchange rate, monetary shocks, exchange rates, currency areas

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 su...