Series: IMF Working Papers
Author(s): Harald Anderson , and Sibel Beadle
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 June 2006
Keywords: Optimal Currency Area, Major World Currency, Currency Peg, Self-Enforcing Currency Area, equation, exchange rate, exchange rates, time series, foreign exchange, Self Enforcing Currency Area,
Debates surrounding the adoption of a common currency have focused on its benefits weighed against the long-term costs of losing monetary independence. These debates have assumed that the penalty for not adopting a...