Optimal Currency Areas And The Euro Volume Ii
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Optimal Currency Areas And The Euro Volume Ii
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Author : Johannes Kabderian Dreyer
language : en
Publisher: Palgrave Pivot
Release Date : 2023-09-28
Optimal Currency Areas And The Euro Volume Ii written by Johannes Kabderian Dreyer and has been published by Palgrave Pivot this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-09-28 with Business & Economics categories.
This book is the second of three volumes that uses the theory of Optimal Currency Areas (OCAs) and applied econometric techniques to provide the reader with a compact analysis of the Euro area, its evolution and future perspectives. Each volume of the series is dedicated to one of the three critical criteria for an OCA: 1) business cycle synchronization, 2) factor mobility and 3) the existence of a risk sharing system. This second volume deals with the criterion of factor mobility. The authors investigate and discuss whether there are signs of labor and capital mobility that have helped dampen economic shocks among the regions of the Euro during its short history. The book is of interest to a wide range of researchers in financial economics, macroeconomics and economic policy.
Optimal Currency Areas And The Euro Volume I
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Author : Johannes Kabderian Dreyer
language : en
Publisher: Springer Nature
Release Date : 2020-06-12
Optimal Currency Areas And The Euro Volume I written by Johannes Kabderian Dreyer and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-06-12 with Business & Economics categories.
This book analyses business cycles synchronization in the Euro Area (EA), one of the 3 criteria that define Optimal Currency Areas (OCAs). Even before its launch, economists questioned whether the EA has what it takes to become an OCA. The onset of the sovereign debt crisis in 2010 confirmed the challenges relating to its construction. But did the EA change over time, and what key drivers may be necessary in the future to strengthen the common currency?
The Theory Of Optimal Currency Areas Pros And Cons Of The Eurozone
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Author : Thorsten Mannherz
language : en
Publisher: GRIN Verlag
Release Date : 2017-10-17
The Theory Of Optimal Currency Areas Pros And Cons Of The Eurozone written by Thorsten Mannherz and has been published by GRIN Verlag this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-10-17 with Business & Economics categories.
Seminar paper from the year 2016 in the subject Economics - Finance, grade: 1,7, University of applied sciences, Cologne, course: Economics, language: English, abstract: On the 1st of January 1999, 11 European countries adopted the Euro as their official currency. A new Economic and Monetary Union with more than 300 million citizens was born. Sharing a common currency offers several advantages for countries, firms and citizens like enhanced cross-border trade, a better price transparency or the disappearance of foreign exchange rate risks. However, a Monetary Union also comes with constraints like the loss of exchange rate regime of its members which is an important instrument to fight adverse shocks. In order to minimize economic risks for its members and to foster the economic stability of the future European EMU, the European Union member states agreed to meet the Euro Convergence Criteria as a requirement to adopt the Euro. During the negotiations about the necessary criterion, the theory of Optimal Currency Areas – a theory which has its origin in the Bretton Woods era – was deliberately reincarnated by economists to verify whether or not the Eurozone can become a successful EMU. Until today the (traditional) OCA theory is often used by the literature and also by politicians to evince fundamental flaws of the Eurozone. This assignment investigates the Eurozone in the light of the theory of Optimal Currency Areas. In the first part of this assignment the main contributors to the theory of Optimal Currency Areas are enumerated and its most significant factors are explained. The second part applies the listed factors to the Eurozone in order to determine whether or not a specific criterion is fulfilled by the European EMU. A summary and conclusion complete this essay.
The Economics Of Common Currencies
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Author : Harry G. Johnson
language : en
Publisher: Routledge
Release Date : 2013-07-18
The Economics Of Common Currencies written by Harry G. Johnson and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-07-18 with Business & Economics categories.
Gathering together the papers presented at the Madrid Conference on Optimum Currency Areas in 1970 this volume represents one of the first complete surveys of the theory and policy implication of monetary integration. The book discusses: the economics of fixed exchange rates relevant to monetary relations within an integrated monetary area the evolution of economic doctrine and a survey of optimum currency area theory problems of policy co-ordination within a currency area relevance of the monetary-fiscal policy mix problems of monetary union in developing countries the book predicted the establishment of an European currency but presented the case for greater flexibility of exchange rates as an alternative to currency unification.
Optimum Currency Areas
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Author : Mr.Leonardo Leiderman
language : en
Publisher: International Monetary Fund
Release Date : 1997-06-17
Optimum Currency Areas written by Mr.Leonardo Leiderman and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997-06-17 with Business & Economics categories.
Robert Mundell's pioneering theory of optimum currency areas is revisited, with experts from the IMF, the BIS, the European Investment Bank, academia, European think tanks, and the Bank of Israel looking at its current practical applications, especially in the context of the forthcoming European Economic and Monetary Union (EMU). Robert Mundell himself offers an update to help in assessing the implications and consequences of EMU.
Currency Unions
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Author : Patrick Honohan
language : en
Publisher:
Release Date : 2020
Currency Unions written by Patrick Honohan and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020 with Electronic books categories.
"The past twenty years have seen two waves of research on currency unions, prompted by the early experience of the European Economic and Monetary Union and by the existential crisis experienced by the euro area as a part of the global financial crisis. Alongside an original introduction, this important collection assembles key papers exploring a range of themes in these two waves of research, including subtopics such as reassessment of optimal currency area theory, new views on the policy choices, and the past and present experience of various currency unions. With a concluding section that addresses the question of complementary institutions going beyond an inflation-focused central bank, this two-volume collection provides an ample and comprehensive overview of currency unions"--
Optimal Currency Areas And The Euro Volume Ii
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Author : Johannes Kabderian Dreyer
language : en
Publisher: Springer Nature
Release Date : 2023-09-24
Optimal Currency Areas And The Euro Volume Ii written by Johannes Kabderian Dreyer and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-09-24 with Business & Economics categories.
This book is the second of three volumes that uses the theory of Optimal Currency Areas (OCAs) and applied econometric techniques to provide the reader with a compact analysis of the Euro area, its evolution and future perspectives. Each volume of the series is dedicated to one of the three critical criteria for an OCA: 1) business cycle synchronization, 2) factor mobility and 3) the existence of a risk sharing system. This second volume deals with the criterion of factor mobility. The authors investigate and discuss whether there are signs of labor and capital mobility that have helped dampen economic shocks among the regions of the Euro during its short history. The book is of interest to a wide range of researchers in financial economics, macroeconomics and economic policy.
China As An Optimum Currency Area Something To Learn For The European Monetary Union
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Author : Philipp Müller
language : en
Publisher: GRIN Verlag
Release Date : 2013-02-14
China As An Optimum Currency Area Something To Learn For The European Monetary Union written by Philipp Müller and has been published by GRIN Verlag this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-02-14 with Business & Economics categories.
Bachelor Thesis from the year 2012 in the subject Economics - Monetary theory and policy, grade: 2,0, Frankfurt School of Finance & Management, language: English, abstract: The main objective of this thesis is to find out whether the PRoC is an OCA and what does it mean for the EMU. Based on the differences between the two currency areas, I would like to discuss whether there are any lessons that are worthwhile to be learned from the PRoC by the EMU to face better current and future crises. Therefore, the thesis is organized as follows. Section 2 provides an overview of the theoretical framework which this bachelor thesis is based on, namely the theory of OCA. Section 3 explains the methodology of my empirical study and describes the used data set. Section 4 examines the PRoC as an OCA. I evaluate each criterion on the basis of my own empirical study or available literature. After I briefly analyzed the Euro Crisis in section 5, I compare the EMU with the PRoC on the basis of OCA criteria followed by a discussion why there are differences and whether the EMU could improve conditions as a common currency area by learning from the PRoC. Section 6 concludes my findings and relate them to my opening questions of this introduction.
The European Union And The Euro
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Author : Hans Geeroms
language : en
Publisher:
Release Date : 2014
The European Union And The Euro written by Hans Geeroms and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014 with Euro categories.
INTRODUCTION 1 CHAPTER 1. A SHORT HISTORY OF THE EU AND THE EURO CHAPTER 2. DECISION-MAKING IN THE EU AND THE EMU CHAPTER 3. BUDGETARY INSTRUMENTS OF THE EU CHAPTER 4. THE EU SINGLE MARKET CHAPTER 5. THE EU COMPETITION POLICY CHAPTER 6. IS THE EUROZONE AN OPTIMAL CURRENCY AREA? CHAPTER 7. THE EURO CRISIS CHAPTER 8. THE SINGLE MONETARY POLICY CHAPTER 9. THE NEW ECONOMIC GOVERNANCE CHAPTER 10. TOWARDS A BANKING UNION CHAPTER 11. GROWTH AND COMPETITIVENESS CHAPTER 12. THE WAY FORWARD: SAVING THE EURO AND COMPLETING THE EMU.
Optimal Currency Areas
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Author : Robert Lafrance
language : en
Publisher:
Release Date : 1999
Optimal Currency Areas written by Robert Lafrance and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999 with Equilibrium (Economics) categories.
Surveys the recent literature on optimal currency areas (OCAs). Topics that are covered include theoretical developments in the context of general-equilibrium models and empirical work on shocks asymmetry and adjustment mechanisms.