학술논문
Collective Pegging to an External Currency: Lessons from a Three-Country Model
이용수 0
- 영문명
- Collective Pegging to an External Currency: Lessons from a Three-Country Model
- 발행기관
- 세종대학교 경제통합연구소
- 저자명
- Chrysost Bangaké Jean-Baptiste Desquilbet Nabil Jedlane
- 간행물 정보
- 『Journal of Economic Integration』제25권 제3호, 550~570쪽, 전체 21쪽
- 주제분류
- 경제경영 > 경제학
- 파일형태
- 발행일자
- 2010.09.30
5,320원
구매일시로부터 72시간 이내에 다운로드 가능합니다.
이 학술논문 정보는 (주)교보문고와 각 발행기관 사이에 저작물 이용 계약이 체결된 것으로, 교보문고를 통해 제공되고 있습니다.
국문 초록
영문 초록
This paper examines the circumstances under which it is beneficial for small countries in a currency union to peg their currency to a large one (euro zone for example). For these purposes, we provide a three-country theoretical model extending the two-country model by Ricci (2008). The theoretical model is based on a Ricardian model of free traded, with specialised economies each producing one traded and one-traded good. We show that when the home country belongs to a monetary union and its exchange rate is anchored to the large country, the stability of its economy depends on the variability of real and monetary shocks for the large country. Furthermore, if the monetary rule in the currency union is higher than the average rate of growth of money supply of large country or if it is difficult to find a monerary rule in the currency union, it is advantageous to anchor the single currency to that of the large country.
목차
Ⅰ. Introduction
Ⅱ. The Model
Ⅲ. Shocks and Adjustment
Ⅳ. Evaluation of Exchange Rate Regimes: a Cost-Benefit Analysis
Ⅴ. Conclusion
키워드
해당간행물 수록 논문
- Financial Intermediation, Capital Flow and Macro Economy
- Immigration, Education and Wage Inequality
- More Intra-Region Direct Investment through Economic Integration?
- Market Dynamics in the EU, NAFTA, North East Asia and ASEAN: the Method of Constant Market Shares (CMS) Analysis
- Assessing Financial Integration in the European Union Equity Markets: Panel Unit Root and Multivariate Cointegration and Causality Evidence
- Collective Pegging to an External Currency: Lessons from a Three-Country Model
- Is Globalisation Taking us for a Ride?
- The Transfer of the Remittance Fee from the Migrant to the Household
참고문헌
관련논문
최근 이용한 논문
교보eBook 첫 방문을 환영 합니다!
신규가입 혜택 지급이 완료 되었습니다.
바로 사용 가능한 교보e캐시 1,000원 (유효기간 7일)
지금 바로 교보eBook의 다양한 콘텐츠를 이용해 보세요!