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Monetary Policy in an Emerging European Economic and Monetary Union

Monetary Policy in an Emerging European Economic and Monetary Union »

Source: Monetary Policy in an Emerging European Economic and Monetary Union : Key Issues

Volume/Issue: 1990/73

Series: IMF Working Papers

Author(s): Jacob Frenkel , and Morris Goldstein

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 1990

ISBN: 9781451958522

Keywords: exchange rate, exchange rates, monetary union

This paper discusses key issues relating to the design and implementation of monetary policy in an emerging European economic and monetary union. Specific institutional proposals for transition to EMU are neither e...

Policy Implications of "Second-Generation" Crisis Models

Policy Implications of "Second-Generation" Crisis Models »

Source: Policy Implications of "Second-Generation" Crisis Models

Volume/Issue: 1997/16

Series: IMF Working Papers

Author(s): Nancy Marion , and Robert Flood

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 1997

ISBN: 9781451843361

Keywords: exchange rate, fixed exchange rate, inflation, monetary union, exchange rates

After the speculative attacks on government-controlled exchange rates in Europe and in Mexico, economists began to develop models of currency crises with multiple solutions. In these models, a currency crisis occur...

Monetary and Exchange Rate Arrangements for Nafta

Monetary and Exchange Rate Arrangements for Nafta »

Source: Monetary and Exchange Rate Arrangements for Nafta

Volume/Issue: 1993/20

Series: IMF Working Papers

Author(s): Barry Eichengreen , and Tamim Bayoumi

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 1993

ISBN: 9781451843804

Keywords: exchange rate, monetary union, exchange rates, aggregate demand, economic integration

This paper considers the extent to which the North American Free Trade Area (NAFTA) meets the criteria for a common currency area. NAFTA is compared with the EC, a regional grouping for which initial plans for a mo...

Price Dynamics in the Eastern Caribbean

Price Dynamics in the Eastern Caribbean »

Source: Price Dynamics in the Eastern Caribbean

Volume/Issue: 2008/90

Series: IMF Working Papers

Author(s): Rupa Duttagupta , and Yan Sun

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2008

ISBN: 9781451869514

Keywords: currency union, exchange rate, real exchange rates, real exchange rate, relative prices,

The Eastern Caribbean Currency Union (ECCU) countries share a common currency, the EC dollar, which has been pegged to the U.S. dollar at the same rate for more than three decades. This paper examines the influence...

Do Hong Kong SAR and China Constitute An Optimal Currency Area? An Empirical Test of the Generalized Purchasing Power Parity Hypothesis

Do Hong Kong SAR and China Constitute An Optimal Currency Area? An Empirical Test of the Generalized Purchasing Power Parity Hypothesis »

Source: Do Hong Kong SAR and China Constitute An Optimal Currency Area? An Empirical Test of the Generalized Purchasing Power Parity Hypothesis

Volume/Issue: 1999/79

Series: IMF Working Papers

Author(s): Hong Liang

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 1999

ISBN: 9781451850185

Keywords: Real exchange rate, generalized purchasing power hypothesis, optimal currency union, exchange rate, exchange rates, cointegration, statistics

The paper explores the behavior of the long-run real exchange rate (RER) of Hong Kong SAR and China by testing the generalized-purchasing power parity hypothesis (G-PPP). The hypothesis argues that if the fundament...

EMU, Adjustment, and Exchange Rate Variability1

EMU, Adjustment, and Exchange Rate Variability1 »

Source: EMU, Adjustment, and Exchange Rate Variability

Volume/Issue: 1998/50

Series: IMF Working Papers

Author(s): Luca Ricci , and Peter Isard

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1998

ISBN: 9781451846942

Keywords: EMU, Exchange rate variability, exchange rate, monetary union, exchange rates, monetary policy

This paper uses a three-country, three-good, factor-specific model of trade with wage rigidities to investigate how European Monetary Union (EMU) is likely to affect exchange rate variability. Focusing on internati...

Limiting Currency Volatility to Stimulate Goods Market Integration

Limiting Currency Volatility to Stimulate Goods Market Integration »

Source: Limiting Currency Volatility to Stimulate Goods Market Integration : A Price-Based Approach

Volume/Issue: 2001/197

Series: IMF Working Papers

Author(s): David Parsley , and Shang-Jin Wei

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2001

ISBN: 9781451860016

Keywords: currency union, market integration, exchange rate, exchange rate variability, nominal exchange rate, exchange rate volatility, International Monetary Arrangements and Institutions,

This paper studies the effect of instrumental and institutional stabilization of exchange rate volatility on the integration of goods markets. Rather than using data on volume of trade, this paper employs a 3-dimen...

Monetary Policy in an Emerging European Economic and Monetary Union
			: Key Issues

Monetary Policy in an Emerging European Economic and Monetary Union : Key Issues »

Volume/Issue: 1990/73

Series: IMF Working Papers

Author(s): Jacob Frenkel , and Morris Goldstein

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 1990

DOI: http://dx.doi.org/10.5089/9781451958522.001

ISBN: 9781451958522

Keywords: exchange rate, exchange rates, monetary union

This paper discusses key issues relating to the design and implementation of monetary policy in an emerging European economic and monetary union. Specific institutional proposals for transition to EMU are neither e...

Policy Implications of "Second-Generation" Crisis Models

Policy Implications of "Second-Generation" Crisis Models »

Volume/Issue: 1997/16

Series: IMF Working Papers

Author(s): Nancy Marion , and Robert Flood

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 1997

DOI: http://dx.doi.org/10.5089/9781451843361.001

ISBN: 9781451843361

Keywords: exchange rate, fixed exchange rate, inflation, monetary union, exchange rates

After the speculative attacks on government-controlled exchange rates in Europe and in Mexico, economists began to develop models of currency crises with multiple solutions. In these models, a currency crisis occur...

Real Effects of Common Currencies in East Asia

Real Effects of Common Currencies in East Asia »

Source: Real Effects of Common Currencies in East Asia

Volume/Issue: 2007/166

Series: IMF Working Papers

Author(s): Kazuko Shirono

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2007

ISBN: 9781451867305

Keywords: Currency Union, Gravity Model, exchange rate, bilateral trade, currency unions, trade costs, exchange rate policies,

Since the 1997 Asian currency crisis, new interest has emerged in the formation of a common currency area in East Asia. This paper provides estimates of trade and welfare effects of East Asian currency unions, usin...