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Monetary union : a welfare based approach
International audience -
Symmetry of external shock responses in CAN countries: A SVAR approach
This dataset has no description
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Pour l'Euro, l'heure du bilan a sonné. Quinze leçons et six conclusions
Euro : the time of reassessing it has come (Fifteen lessons and six conclusions) The Eurozone is clearly in a time of crisis. However the liquidity crisis it is facing... -
Three Essays on the single currency of ECOWAS and the associated challenges
The context of the globalization suggests that the project of a West African common currency launched by the ECOWAS commission in 1999 is a potential source of... -
Are there benefits to a monetary rule in the EMU?
In order to achieve their price stability goal, central banks can choose between an interest rate regulation or a monetary base one. Until now the first instrument has... -
Are there benefits to a monetary rule in the EMU?
This dataset has no description
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South East Asian Monetary Integration: New Evidences from Fractional Cointegr...
We study the long-run relationship of real exchanges rates (RERs) among the ASEAN-5 countries by testing the theory of Generalized Purchasing Power Parity (G-PPP) from... -
Fear of a two-speed monetary union: what does a basic correlation scatter plo...
International audience -
Revisiting the core-periphery view of EMU
This study extends Bayoumi and Eichengreen's (1993) empirical methodology in order to give a reappraisal of the core-periphery view of the enlarged euro area. We show... -
Exchange Rate Misalignments, Fiscal Federalism and Redistribution: How to Adj...
The euro zone crisis illustrates the insufficiency of adjustment mechanisms in a monetary union characterized by a large heterogeneity. Exchange rate adjustments being... -
Business Cycles Synchronization in East Asia: A Markov-Switching Approach
This paper attempts to analyze the relationships between the ASEAN-5 countries' business cycles. We examine the nature of business cycles correlation trying to... -
Comments on "The effect of a common currency on the volatility of the extensi...
International audience -
CONTAGION DES CRISES DE 1997 ET 2008 EN ASEAN+3: UN MODELE VAR STRUCTUREL
The crises of 1997 and 2008 provide a resourceful environment to study the impact of monetary and real shocks in ASEAN economies. The paper aims at analyzing the... -
Fear of a two-speed monetary union: what does a basic correlation scatter plo...
I extend the Bayoumi-Eichengreen (1993) approach by extracting new information from a scatter plot of correlation coefficients between shocks in order to better... -
Welfare Reversals in a Monetary Union
We show that welfare can be lower under complete financial markets than under autarky in a monetary union with home bias, sticky prices and asymmetric shocks. Such a... -
Welfare Reversals in a Monetary Union
We show that welfare can be lower under complete financial markets than under autarky in a monetary union with home bias, sticky prices, and asymmetric shocks. Such a...
