A Formal Model of Optimum Currency Areas /

A model of optimum currency areas is presented using a general equilibrium model with regionally differentiated goods. The choice of a currency union depends upon the size of the underlying disturbances, the correlation between these disturbances, the costs of transactions across currencies, factor...

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书目详细资料
主要作者: Bayoumi, Tamim
格式: 杂志
语言:English
出版: Washington, D.C. : International Monetary Fund, 1994.
丛编:IMF Working Papers; Working Paper ; No. 1994/042
在线阅读:Full text available on IMF
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245 1 2 |a A Formal Model of Optimum Currency Areas /  |c Tamim Bayoumi. 
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300 |a 1 online resource (22 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a A model of optimum currency areas is presented using a general equilibrium model with regionally differentiated goods. The choice of a currency union depends upon the size of the underlying disturbances, the correlation between these disturbances, the costs of transactions across currencies, factor mobility across regions, and the interrelationships between demand for different goods. It is found that, while a currency union can raise the welfare of the regions within the union, it unambiguously lowers welfare for those outside the union. 
538 |a Mode of access: Internet 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 1994/042 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/1994/042/001.1994.issue-042-en.xml  |z IMF e-Library