Search Results - subject_exact:"OCA (Optimum currency area)"

The euro as an optimum currency area? : a reappraisal

Pfeifer, Moritz; Schnabl, Gunther - 2026

This paper reassesses whether the euro area satisfies the criteria of an optimum currency area. It contrasts early hopes of convergence with subsequent developments marked by persistent heterogeneity across member states. Differences in economic structures, fiscal policies, and financial cycles...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015641818

The endogeneity of optimum currency areas in light of pan-European intra-industry trade patterns and business cycle synchronicity

Steinert, Frank Niklas; Althammer, Wilhelm - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015333795

Taking a punt : monetary experimentation and the Irish macroeconomic crisis of 1955-56

McLaughlin, Darragh; McLaughlin, Eoin; Kenny, Sean - 2025

The 1955-56 macroeconomic crisis is a central event in modern Irish history. Yet, despite this centrality, its causes are not clearly understood. In 1955-6, Ireland, which had previously followed British interest rates in lockstep as part of its fixed exchange with the latter, briefly...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015197097

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Taking a punt : monetary experimentation and the Irish macroeconomic crisis of 1955-56

McLaughlin, Darragh; McLaughlin, Eoin; Kenny, Sean - 2025

Book / Working Paper

Is the UK Sterling-zone an optimal currency area? : comparisons with the Euro area and the rest of Europe using city and regional investment data

Daams, Michiel N.; McCann, Philip; Veneri, Paolo; … - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015425119

Income convergence clubs in the Eurozone : a tale beyond the core/periphery divide

García-Solanes, José; Beyaert, Arielle; Lopez-Gomez, Laura - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015411656

Currency pegs and volatility in West African Economic and Monetary Union during COVID-19

Zuoping, Xiao; Zonon, Babatounde Ifred Paterne; Wang, … - 2025

This study examines how the COVID-19 pandemic affected the CFA franc (XOF) compared to the euro (EUR) within the West African Economic and Monetary Union (WAEMU). It is among the first to assess both currencies under systemic stress by combining event studies, risk metrics, and ARDL regressions....

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015625322

On optimal currency areas : common shocks versus common persistence of shocks

Grimm, Louisa; Steinkamp, Sven; Westermann, Frank - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015482714

A HANK2 model of monetary unions

Bayer, Christian; Kriwoluzky, Alexander; Müller, Gernot J. - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015071520

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A HANK2 model of monetary unions

Bayer, Christian; Kriwoluzky, Alexander; Müller, Gernot J. - 2023

Book / Working Paper

A HANK2 model of monetary unions

Bayer, Christian; Kriwoluzky, Alexander; Müller, Gernot J. - 2023

Book / Working Paper

Cross-country unemployment insurance, transfers, and trade-offs in international risk sharing

Enders, Zeno; Vespermann, David - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015071535

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Cross-country unemployment insurance, transfers, and trade-offs in international risk sharing

Enders, Zeno; Vespermann, David - 2021

Book / Working Paper

Cross-country unemployment insurance, transfers, and trade-offs in international risk sharing

Enders, Zeno; Vespermann, David - 2021

Book / Working Paper

Fragmented monetary unions

Fornaro, Luca; Große Steffen, Christoph - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014557898

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Fragmented monetary unions

Fornaro, Luca; Große Steffen, Christoph - 2024

Book / Working Paper

Fragmented monetary unions

Fornaro, Luca; Große Steffen, Christoph - 2024

Book / Working Paper

Monetary policy, divergence, and the euro

Pfeifer, Moritz; Schnabl, Gunther - 2024

This paper investigates the relationship between economic divergence and expansionary monetary policies within the eurozone based on a new divergence indicator. We study the dynamics between the economic divergence of member states and unconventional monetary policy in a Bayesian SVAR and find a...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015098613

Evaluating BRICS as an optimum currency area : insights from SVAR modeling

Nach, Marida; Ncwadi, Ronney - 2024

The study evaluates the feasibility of BRICS (Brazil, Russia, India, China, and South Africa) countries to form an Optimum Currency Area (OCA) through the analysis of shock correlation within the OCA framework. Employing a structural vector auto regression (SVAR) model proposed by Blanchard and...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015337797

Monetary-fiscal policies design and financial shocks in currency unions

Capasso, Salvatore; Foresti, Pasquale - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015188398

A bibliometric analysis of the literature on optimum currency areas and monetary integration

Matonana, Ntombi; Phiri, Andrew - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015189561

Fragile Union : a machine learning analysis of structural heterogeneity and divergence within the EMU

Padilla, León; Carrington, Sarah J.; Nicolalde, … - 2024

This paper applies unsupervised machine-learning techniques to a set of nominal and industrial sector production variables to examine the convergence of European Monetary Union (EMU) member countries, focusing on macroeconomic and structural homogeneity. Our findings reveal distinct clusters of...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015359681

Optimal currency areas and the Euro, volume III : risk sharing and fiscal federalism

Dreyer, Johannes Kabderian; Schmid, Peter Alfons - 2026

Chapter 1: Introduction -- Chapter 2: Fiscal Transfers and Risk Sharing in the Eurozone -- Chapter 3: Data and Descriptive Statistics -- Chapter 4: Estimations and Synthetic Fiscal Transfers in the Eurozone -- Chapter 5: Further Analytical Perspectives and Extensions -- Chapter 6: Conclusion.

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015676557

Financially Sustainable Optimal Currency Areas

Gagnon, Marie-Hélène; Cartapanis, André; Gimet, Céline - 2023

Financial stability is paramount to the proper functioning of open markets and is deeply affected by financial fragmentation. Both financial stability and financial fragmentation have unintended consequences on optimal currency areas. In this paper, we survey the original optimal currency areas...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014256414

Optimum Currency Area in the Eurozone. The regional origins of the European Business Cycle

Beck, Krzysztof; Okhrimenko, Iana - 2023

In this study, we used a Bayesian dynamic factor model (BDFM) to examine the share of variance explained by the European and country factors for 59 regions in Eurozone countries in the period of 1992 to 2020. The BDFM output facilitated the construction of a criterion that enables the assessment...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014259821

The impossible trinity of developing countries : the Greek example

Đogo, Marko; Gligorić, Dragan; Grujić, Miloš; … - 2023

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014530210

Is the eurozone an optimum currency area?

Loužek, Marek - 2023

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014519785

Slovakia in the euro αrea : costs and benefits

Bukowski, Sławomir; Bukowska, Joanna E.; Zięba, Łukasz J. - 2023

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014252772

Despite crises, the stability of the euro is rooted in the middle class

Bayer, Christian; Kriwoluzky, Alexander; Müller, Gernot J. - 2023

In the 24 years since its introduction, the euro has experienced a financial crisis, a government debt crisis, a global pandemic, and an energy crisis-and survived. Using a model focusing on households, this Weekly Report shows that the monetary union’s stability is rooted in the fact that the...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014362756

Structural time series models and synthetic controls : assessing the impact of the euro adoption

Dreuw, Peter - 2023

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014226310

Understanding the gains from wage flexibility in a currency union : a fiscal policy connection

Okano, Eiji; Inagaki, Kazuyuki - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015617450

The effect of free trade agreement on trade in the Economic Community of West African States (ECOWAS)

Kamara, Mohamed Sheriff Hamid - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015654329

Optimum currency area in the Eurozone

Beck, Krzysztof; Okhrimenko, Iana - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015331271

An Index of African Monetary Integration (IAMI)

Asongu, Simplice; Diop, Samba - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015386832

Relationship between macroeconomic fundamentals in the West African monetary zone

Eshun, Richard; Tweneboah, George - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015417730

Regional monetary agreements : prospects and limits for Mercosur

Freitas, Alexandre Jerônimo de; Fernandes, Marcelo Pereira - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015474147

Exit expectations and the optimal design of a currency union

Saito, Yuta - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015460043

The potential of a SADC monetary union : an empirical investigation of aggregate demand and supply shocks

Nindi, Angelique - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015636866

Structural dependencies in African economies : business cycle synchronization and spillover effects

Haile, Minyahil Alemu; Jayamohan MK; Demissie, … - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015485809

What could have been? : a synthetic control evaluation of the effect of the Economic and Monetary Union on the net external wealth of periphery member states

Alcobia, João; Sobreira, Nuno; Cabral, Ricardo - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016081899

The Euro as a diverse monetary union

Perotti, Enrico; Soons, Oscar - 2021

Persistent link: https://ebvufind01.dmz1.zbw.eu/10012592545

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The Euro as a Diverse Monetary Union

Perotti, Enrico; Soons, Oscar - 2022

Book / Working Paper

The Euro as a Diverse Monetary Union

Perotti, Enrico; Soons, Oscar - 2022

Book / Working Paper

How long did it take the United States to become an optimal currency area?

Rockoff, Hugh - 2003

Persistent link: https://ebvufind01.dmz1.zbw.eu/10001779810

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How long did it take the United States to become an optimal currency area?

Rockoff, Hugh - 2000

Book / Working Paper

How long did it take the United States to become an optimal currency area?

Rockoff, Hugh - 1999

Book / Working Paper

How long did it take the United States to become an optimal currency area?

Rockoff, Hugh - 1999

Book / Working Paper

How Long Did it Take the United States to Become an Optimal Currency Area?

Rockoff, Hugh - 2022

Book / Working Paper

How Long Did It Take the United States to Become an Optimal Currency Area?

Rockoff, Hugh - 2000

Book / Working Paper

A new optimum currency area index for the euro area

Kunovac, Davor; Rodriguez Palenzuela, Diego; Sun, Yiqiao - 2022

Persistent link: https://ebvufind01.dmz1.zbw.eu/10013472669

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A new optimum currency area index for the euro area

Kunovac, Davor; Rodriguez Palenzuela, Diego; Sun, Yiqiao - 2022

Book / Working Paper

A New Optimum Currency Area Index for the Euro Area

Kunovac, Davor; Rodriguez Palenzuela, Diego; Sun, Yiqiao - 2022

Book / Working Paper

A theory of monetary union and financial integration

Fornaro, Luca - 2022

Persistent link: https://ebvufind01.dmz1.zbw.eu/10013349972

Analysis of single currency implementation in ASEAN+3

Djirimu, Mohammad Ahlis; Anam, Haerul; Utami, Frilly … - 2022

This research aims to analyze the feasibility of implementing single currency policy in ASEAN+3 countries such as Indonesia, Singapore, Malaysia, Thailand, Philippines, Myanmar, Laos, Cambodia, Brunei Darussalam, Vietnam, China, South Korea, and Japan based on annual data from 1993 to 2017. In...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10013531057

Unilateral currency union with a high-income area : the case of Montenegro

Razmi, Arslan - 2022

Unilateral euroization by developing economies is underexplored even in comparison to unilateral dollarization (taken to mean the adoption of the US dollar as legal tender). This paper attempts to help fill this gap in the literature by investigating the case of Montenegro, which is one of the...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10013431108

The euro from a business perspective

Dilger, Alexander - 2022

Persistent link: https://ebvufind01.dmz1.zbw.eu/10013483608

How successful was Germany's first common currency? : a new look at the imperial monetary union of 1559

Volckart, Oliver - 2022

Persistent link: https://ebvufind01.dmz1.zbw.eu/10013185432

Fiscal Federalism and Optimum Currency Areas : Evidence for Europe from the United States

Sala-i-Martin, Xavier; Sachs, Jeffrey - 2022

The main goal of this paper is to estimate to what extent the federal government of the United States insures member states against regional income shocks. We find that a one dollar reduction in a region's per capita personal income triggers a decrease in federal taxes of about 34 cents and an...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10013308484

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Fiscal Federalism and Optimum Currency Areas : Evidence for Europe From the United States

Sala-i-Martin, Xavier - 1991

Book / Working Paper

Optimum currency areas, structural changes and the endogeneity of the OCA criteria : evidence from six new EU member states

Sideris, Dimitrios - 2011

Persistent link: https://ebvufind01.dmz1.zbw.eu/10009124654

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Optimum currency areas structural changes and the endogeneity of the OCA criteria : evidence from six new EU member states

Sideris, Dimitrios - 2009

Book / Working Paper

Optimum Currency Areas, Structural Changes and the Endogeneity of the OCA Criteria : Evidence from Six New EU Member States

Sideris, Dimitrios - 2022

Book / Working Paper

The Suitability of a Greater China Currency Union

Research, Hong Kong Institute for Monetary and Financial - 2022

This working paper was written by Yin-wong Cheung (University of California, Santa Cruz) and Jude Yuen (University of California, Santa Cruz).The study assesses the level of integration among the three Greater China economies (namely China, Hong Kong, and Taiwan) and examines the suitability of...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014048654

Is monetary integration economically viable in the Economic Community of West African States?

Agboola, Olayode W.; Olayeni, Olaolu Richard - 2022

The introduction of a common currency in the Economic Community of West African States (ECOWAS) has been the subject of extensive research over the past couple of decades, with extant issues ranging from viability and feasibility to sustainability of monetary integration in the region. This...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014513789

Inflation and inflation differentials in core Eurozone countries

Popović, Svetlana; Janković, Irena; Lukić, Velimir - 2022

The paper analyzes the convergence of inflation rates in the group of more developed members of the Eurozone (core countries). What are the characteristics and is the inflation process in these countries sufficiently homogeneous? Are the analysed inflation rates converging, so that there is an...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014281769

Self-Validating Optimum Currency Areas

Corsetti, Giancarlo; Pesenti, Paolo A. - 2022

In this paper we show that a currency area can be a self-validating optimal policy regime, even when monetary unification does not foster real economic integration and intra-industry trade. This is because profit-maximizing producers in a currency area adopt endogenous pricing strategies that...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014120177

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Self-Validating Optimum Currency Areas

Corsetti, Giancarlo; Pesenti, Paolo A. - 2006

Book / Working Paper

Self-Validating Optimum Currency Areas

Corsetti, Giancarlo - 2002

Book / Working Paper

Europe as an Optimum Currency Area : the experience of the baltic countries

Papazoglu, Chrēstos; Sideris, Dimitrios; Tsagklas, Orestis - 2016

Persistent link: https://ebvufind01.dmz1.zbw.eu/10011983460

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Europe as an Optimum Currency Area : The Experience of the Baltic Countries

Papazoglu, Chrēstos; Sideris, Dimitrios; Tsagklas, Orestis - 2022

Book / Working Paper

An Optimum-Currency-Area Odyssey

Tavlas, G. S.; Dellas, Harris - 2022

The theory of optimum-currency-areas was conceived and developed in three highly influential papers, written by Mundell (1961), McKinnon (1963) and Kenen (1969). Those authors identified characteristics that potential members of a monetary union should ideally possess in order to make it...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014080411

What about a world of currency? Proposal for a common currency among rich democracies. One world money, then and now

Cooper, Richard N.; Bordo, Michael D.; James, Harold - 2022

On February 24-25, 2006 an international workshop on “Regional and International Currency Arrangements” was held in Vienna. It was co-sponsored by the Oesterreichische Nationalbank and the Bank of Greece, and jointly organized by Eduard Hochreiter and George Tavlas. Academic economists and...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014080593