Deciding to Enter a Monetary Union: TheRole of Trade and Financial Linkages

WP/12/240

Nopic
This paper evaluates the role of trade and financial linkages in the decision to enter a monetary union. We estimate a two-country DSGE model for the U.K. economy and the euro area, and use the model to compute the welfare trade-offs from joining the euro. We evaluate two alternative scenarios. In the first one, we consider a reduction of trade... READ MORE...

Publication date: October 2012
ISBN 9781475511437
$18.00

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Publication date: October 2012

English