Search Results

You are looking at 1 - 10 of 16 items :

  • Keyword: currency union x
  • Western Hemisphere x
Clear All Modify Search
The Pros and Cons of Full Dollarization

The Pros and Cons of Full Dollarization »

Source: The Pros and Cons of Full Dollarization

Volume/Issue: 2000/50

Series: IMF Working Papers

Author(s): Eduardo Borensztein , and Andrew Berg

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2000

ISBN: 9781451846966

Keywords: Currency Crises, Monetary Union, exchange rate, bonds, currency crisis, currency risk, real exchange rate

We analyze the costs and benefits of full dollarization compared to its closest alternative, a currency board, quantifying for Argentina where possible. Potential advantages include lower borrowing costs and deeper...

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...

Currency Unions, Economic Fluctuations, and Adjustment

Currency Unions, Economic Fluctuations, and Adjustment »

Source: Currency Unions, Economic Fluctuations, and Adjustment : Some New Empirical Evidence

Volume/Issue: 1996/81

Series: IMF Working Papers

Author(s): Eswar Prasad , and Tamim Bayoumi

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 1996

ISBN: 9781451955163

Keywords: Currency unions, economic fluctuations, labor market adjustment, labor market, dummy variables, explanatory power, labor markets

This paper examines the sources of disturbances to output in the United States and a set of EU countries and analyzes labor market adjustment mechanisms in these two economic areas. Comparable datasets comprising 1...

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...

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...

An Evaluation of Monetary Regime Options for Latin America

An Evaluation of Monetary Regime Options for Latin America »

Source: An Evaluation of Monetary Regime Options for Latin America

Volume/Issue: 2002/211

Series: IMF Working Papers

Author(s): Andrew Berg , Paolo Mauro , and Eduardo Borensztein

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2002

ISBN: 9781451874853

Keywords: currency union, exchange rate, inflation, monetary policy, real exchange rate, International Monetary Arrangements and Institutions, Open Economy Macroeconomics,

We assess monetary regime options for Latin American countries. The costs of a common currency are likely to outweigh its benefits, as those countries face diverse economic shocks, do not trade much with each other...

Fiscal Sustainability and Policy Issues in the Eastern Caribbean Currency Union

Fiscal Sustainability and Policy Issues in the Eastern Caribbean Currency Union »

Source: Fiscal Sustainability and Policy Issues in the Eastern Caribbean Currency Union

Volume/Issue: 2003/162

Series: IMF Working Papers

Author(s): Anthony Pellechio , Saqib Rizavi , and Phebby Kufa

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2003

ISBN: 9781451857894

Keywords: Currency Union, public debt, debt ratio, fiscal policies, central bank, Studies of Particular Policy Episodes, National Deficit Surplus,

The fiscal position of the Eastern Caribbean Currency Union (ECCU) has deteriorated significantly in recent years, resulting in sharp increases in public debt. The sustainability of public debt is examined using th...

Aftershocks of Monetary Unification

Aftershocks of Monetary Unification »

Source: Aftershocks of Monetary Unification : Hysteresis with a Financial Twist

Volume/Issue: 2017/55

Series: IMF Working Papers

Author(s): Tamim Bayoumi , and Barry Eichengreen

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 March 2017

ISBN: 9781475586220

Keywords: Monetary unions, Euro Area, United States, Developed countries, Regional shocks, Supply and demand, Econometric models, Optimum currency area, hysterisis, Financial Markets and the Macroeconomy

Once upon a time, in the 1990s, it was widely agreed that neither Europe nor the United States was an optimum currency area, although moderating this concern was the finding that it was possible to distinguish a re...

The Pros and Cons of Full Dollarization

The Pros and Cons of Full Dollarization »

Volume/Issue: 2000/50

Series: IMF Working Papers

Author(s): Eduardo Borensztein , and Andrew Berg

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2000

DOI: http://dx.doi.org/10.5089/9781451846966.001

ISBN: 9781451846966

Keywords: Currency Crises, Monetary Union, exchange rate, bonds, currency crisis, currency risk, real exchange rate

We analyze the costs and benefits of full dollarization compared to its closest alternative, a currency board, quantifying for Argentina where possible. Potential advantages include lower borrowing costs and deeper...

Price Dynamics in the Eastern Caribbean

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

DOI: http://dx.doi.org/10.5089/9781451869514.001

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...