A Formal Model of Optimum Currency Areas

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 mobility across regions, and the... READ MORE...

Publication date: April 1994
ISBN 9781451846171
$15.00

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