Optimal Payment Areas or Optimal Currency Areas?
نویسندگان
چکیده
منابع مشابه
Optimal Currency Areas and Customs Unions: Are They Connected?
This paper examines the link between currency unions and customs unions. The size of a bloc of countries practising some form of co-ordination of monetary policy is limited by the incentive to free-ride that formation of the bloc creates. However, when the threat of a trade war is introduced, the stable size of the bloc increases. This suggests that a) large currency areas are more likely to em...
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What's Here Currency unions are all the rage in international policy circles these days. But suppose a country – say Argentina (the usual crisis de jour) – decides that it needs to adopt a foreign currency. Which one should it pick? Alesina, Barro and Tenreyro provide the methodology, or at least most of it, to answer this important and interesting question. Their methodology is reasonable in a...
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ژورنال
عنوان ژورنال: AEA Papers and Proceedings
سال: 2018
ISSN: 2574-0768,2574-0776
DOI: 10.1257/pandp.20181058