The theory of optimal currency areas states that a single currency zone should have symmetry of shocks and structures …

This paper endogenizes coordination problems in organizations by allowing for both ex ante coordination of activities …, using rules and task guidelines, and ex post coordination, using communication and broad job assignments. It shows that: (i … coordination. In particular, specialization is often non-monotonic in the importance of coordination. (ii) Organizations exhibit …

play in networks is to some extent boundedly rational, in the sense that coordination is influenced by local and individual …

-unit managers’ authority. Realizing synergies then involves a tradeoff between motivation and coordination. Motivating managers …

We analyse the effect of trade spillovers and of international coordination on currency crises. To do this, we present … and the larger the set of multiple equilibria. Coordination decreases the possibility of simultaneous self …-fulfilling speculative crises in the region and reduces the set of multiple equilibria. However, regional coordination, even though welfare …