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Currency Bloc Formation as a Dynamic Process Based on Trade Network Externalities

Currency Bloc Formation as a Dynamic Process Based on Trade Network Externalities »

Source: Currency Bloc Formation as a Dynamic Process Based on Trade Network Externalities

Volume/Issue: 2004/222

Series: IMF Working Papers

Author(s): Etienne Yehoue

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 2004

ISBN: 9781451875294

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....

Currency Bloc Formation as a Dynamic Process Based on Trade Network Externalities

Currency Bloc Formation as a Dynamic Process Based on Trade Network Externalities »

Volume/Issue: 2004/222

Series: IMF Working Papers

Author(s): Etienne Yehoue

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 2004

DOI: http://dx.doi.org/10.5089/9781451875294.001

ISBN: 9781451875294

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....