کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5055401 1371490 2011 18 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
On the feasibility of monetary union: Does it make sense to look for shocks symmetry across countries when none of the countries constitutes an optimum currency area?
کلمات کلیدی
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
On the feasibility of monetary union: Does it make sense to look for shocks symmetry across countries when none of the countries constitutes an optimum currency area?
چکیده انگلیسی
► This paper is a study of monetary union feasibility without symmetry of actual shocks. ► We argue that monetary policy can be destabilizing when shocks are symmetric. ► This may happen when investment sensitivity to interest rate differs across countries. ► Our approach focuses instead on common responses to monetary policy shocks. ► For NAFTA; we find that only Canada and the US are suitable for monetary union.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Economic Modelling - Volume 28, Issue 6, November 2011, Pages 2701-2718
نویسندگان
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