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
Lien permanent pour cette publication :
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| Ministère/Organisme | Bank of Canada. |
|---|---|
| Titre | Optimal currency areas : a review of the recent literature / by Robert Lafrance and Pierre St-Amant. |
| Titre de la série | Bank of Canada working paper1701-939799-16 |
| Type de publication | Série - Voir l'enregistrement principal |
| Langue | [Anglais] |
| Format | Électronique |
| Document électronique | |
| Autres formats offerts | Papier-[Anglais] |
| 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. |
| Information sur la publication | Ottawa - Ontario : Bank of Canada October 1999. |
| Description | 39p.table |
| ISSN | 1701-9397 |
| Numéro de catalogue |
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| Descripteurs | Exchange rates Currency |