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Optimal currency areas

Author: Alberto Alesina; Robert J Barro; Silvana Tenreyro; National Bureau of Economic Research.
Publisher: Cambridge, MA. : National Bureau of Economic Research, ©2002.
Series: Working paper series (National Bureau of Economic Research), no. 9072.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Summary:
Abstract: As the number of independent countries increases and their economies become more integrated, we would expect to observe more multi-country currency unions. This paper explores the pros and cons for different countries to adopt as an anchor the dollar, the euro, or the yen. Although there appear to be reasonably well-defined euro and dollar areas, there does not seem to be a yen area. We also address the  Read more...
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Additional Physical Format: Print version:
Alesina, Alberto.
Optimal currency areas.
Cambridge, MA. : National Bureau of Economic Research, ©2002
(OCoLC)50277917
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Alberto Alesina; Robert J Barro; Silvana Tenreyro; National Bureau of Economic Research.
OCLC Number: 50398078
Notes: "July 2002."
Reproduction Notes: Electronic reproduction. [S.l.] : HathiTrust Digital Library, 2010. MiAaHDL
Description: 1 online resource (27, [20] pages) : illustrations.
Details: Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.
Series Title: Working paper series (National Bureau of Economic Research), no. 9072.
Responsibility: Alberto Alesina, Robert J. Barro, Silvana Tenreyro.

Abstract:

Abstract: As the number of independent countries increases and their economies become more integrated, we would expect to observe more multi-country currency unions. This paper explores the pros and cons for different countries to adopt as an anchor the dollar, the euro, or the yen. Although there appear to be reasonably well-defined euro and dollar areas, there does not seem to be a yen area. We also address the question of how trade and co-movements of outputs and prices would respond to the formation of a currency union. This response is important because the decision of a country to join a union would depend on how the union affects trade and co-movements.

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