Optimal currency areas : a review of the recent literature / by Robert Lafrance and Pierre St-Amant. : FB3-2/99-16E-PDF
This paper surveys the recent literature on optimal currency areas (OCAs). Topics that are covered include theoretical developments in the context of general-equilibrium models and empirical work on shocks asymmetry and adjustment mechanisms. Issues relating to the endogeneity of OCA criteria, the role of exchange rate flexibility in promoting greater macroeconomic stability, and the links between productivity and the exchange rate are also surveyed. We conclude with suggestions for future research.--Abstract
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| Department/Agency | Bank of Canada. |
|---|---|
| Title | Optimal currency areas : a review of the recent literature / by Robert Lafrance and Pierre St-Amant. |
| Series title | Bank of Canada working paper1701-939799-16 |
| Publication type | Series - View Master Record |
| Language | [English] |
| Format | Electronic |
| Electronic document | |
| Other formats | Paper-[English] |
| Note(s) | "This paper surveys the recent literature on optimal currency areas (OCAs). Topics that are covered include theoretical developments in the context of general-equilibrium models and empirical work on shocks asymmetry and adjustment mechanisms. Issues relating to the endogeneity of OCA criteria, the role of exchange rate flexibility in promoting greater macroeconomic stability, and the links between productivity and the exchange rate are also surveyed. We conclude with suggestions for future research."--Abstract. The ISBN (0-662-28180-2) and ISSN (1192-5434) for the print edition have been incorrectly copied in this electronic publication. Bibliography. Résumé en français. |
| Publishing information | Ottawa - Ontario : Bank of Canada October 1999. |
| Description | 39p.table |
| ISSN | 1701-9397 |
| Catalogue number |
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| Subject terms | Exchange rates Currency |