全球智库信息集成服务系统(G2TT): How Many Monies? A Genetic Approach to Finding Optimum Currency Areas

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w4805
来源ID	Working Paper 4805
	How Many Monies? A Genetic Approach to Finding Optimum Currency Areas
	Atish R. Ghosh; Holger C. Wolf
发表日期	1994-07-01
出版年	1994
语种	英语
摘要	Recent moves towards greater monetary integration in Western Europe - and disintegration in Eastern Europe and the former Soviet Union - have rekindled interest in the theoretical and empirical aspects of optimal currency areas (OCA). In this paper, we examine the marginal benefit of increasing the number of currency unions within a given geographical area. We look at six regions; the United States, Europe, the G7, the CFA zone, the FSU and the world at large. Our results suggest that (i) contiguous monetary unions are typically dominated by non-contiguous unions; (ii) neither Europe nor the United States form an optimum currency area, for both regions the costs of adopting a single currency exceeds estimates of the transaction cost savings; (iii) Germany and the United States will almost never find it to their (economic) advantage to join monetary unions.
主题	Microeconomics ; Mathematical Tools ; International Economics ; International Finance
URL	https://www.nber.org/papers/w4805
来源智库	National Bureau of Economic Research (United States)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/562207
推荐引用方式 GB/T 7714	Atish R. Ghosh,Holger C. Wolf. How Many Monies? A Genetic Approach to Finding Optimum Currency Areas. 1994.

条目包含的文件
文件名称/大小	资源类型	版本类型	开放类型	使用许可
w4805.pdf（631KB）	智库出版物		限制开放	CC BY-NC-SA	浏览