000 02121nam##2200361za#4500
0019.614937
003CaOODSP
00520211126112847
007ta
008150406|1999||||xxc|||||     f|0| 0 eng|d
020 |a0-662-28180-2
022 |a1192-5434
040 |aCaOODSP|beng
043 |an-cn---
0861 |aFB3-2/99-16E
1102 |aBank of Canada.
24510|aOptimal currency areas : |ba review of the recent literature / |cby Robert Lafrance and Pierre St-Amant.
260 |aOttawa - Ontario : |bBank of Canada |c1999.
300 |av, 30p. : |btables ; |c28 cm.
4901 |aWorking paper|x1192-5434|v99-16
500 |a"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.
504 |aBibliography.
5203 |aThis 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
546 |aRésumés en français
563 |aSoftcover
590 |a99-43|b1999-10-29
69007|aExchange rates|2gcpds
69007|aCurrency|2gcpds
7201 |aSt-Amant, Pierre
7201 |aLafrance, Robert
7760#|tOptimal currency areas : |w(CaOODSP)9.571700
830#0|aWorking paper,|x1192-5434|v99-16|w(CaOODSP)9.514622