Series: IMF Working Papers
Author(s): Etienne Yehoue
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 November 2004
Keywords: Currency blocs, trade network externalities, stochastic and dynamic games, path dependency, equation, intermediate goods, probability, average trade, network externalities, Models of Trade with Imperfect Competition and Scale Economies
The recent experience of the European Economic and Monetary Union (EMU) has stimulated the debate over currency union and reinforced the incentive for the emergence of currency blocs in other regions of the world....