Optimal currency areas : a review of the recent literature / by Robert Lafrance and Pierre St-Amant. : FB3-2/99-16E
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 | Working paper1192-543499-16 |
| Publication type | Series - View Master Record |
| Language | [English] |
| Format | Paper |
| Other formats | Electronic-[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. Bibliography. Résumés en français |
| Publishing information | Ottawa - Ontario : Bank of Canada 1999. |
| Binding | Softcover |
| Description | v, 30p. : tables ; 28 cm. |
| ISBN | 0-662-28180-2 |
| ISSN | 1192-5434 |
| Catalogue number |
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| Departmental catalogue number | 99-16 |
| Subject terms | Exchange rates Currency |
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