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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| 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 | Working paper1192-543499-16 |
| Type de publication | Série - Voir l'enregistrement principal |
| Langue | [Anglais] |
| Format | Papier |
| Autres formats offerts | Électronique-[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. Bibliography. Résumés en français |
| Information sur la publication | Ottawa - Ontario : Bank of Canada 1999. |
| Reliure | Softcover |
| Description | v, 30p. : tables ; 28 cm. |
| ISBN | 0-662-28180-2 |
| ISSN | 1192-5434 |
| Numéro de catalogue |
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| Numéro de catalogue du ministère | 99-16 |
| Descripteurs | Exchange rates Currency |
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