00000nam##2200000za#4500 9.614937 CaOODSP 20211126112847 ta 150406|1999||||xxc||||| f|0| 0 eng|d 0-662-28180-2 1192-5434 CaOODSP eng n-cn--- FB3-2/99-16E Bank of Canada. Optimal currency areas : a review of the recent literature / by Robert Lafrance and Pierre St-Amant. Ottawa - Ontario : Bank of Canada 1999. v, 30p. : tables ; 28 cm. Working paper 1192-5434 99-16 "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. Bibliography. 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 Résumés en français Softcover 99-43 1999-10-29 Exchange rates gcpds Currency gcpds St-Amant, Pierre Lafrance, Robert Optimal currency areas : (CaOODSP)9.571700 Working paper, 1192-5434 99-16 (CaOODSP)9.514622 99-16