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Price impacts of non-adoption of the Euro for small European countries /
Debates surrounding the adoption of a common currency have focused on its benefits weighed against the long-term costs of losing monetary independence. These debates have assumed that the penalty for not adopting a common currency is the maintenance of the status quo. This paper uses the Sjaastad mo...
| Clasificación: | Libro Electrónico |
|---|---|
| Autores principales: | , |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
[Washington, D.C.] :
International Monetary Fund, Research Dept.,
©2006.
|
| Colección: | IMF working paper ;
WP/06/151. |
| Temas: | |
| Acceso en línea: | Texto completo |
MARC
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| 100 | 1 | |a Yelten, Sibel, |e author. | |
| 245 | 1 | 0 | |a Price impacts of non-adoption of the Euro for small European countries / |c prepared by E. Sibel Yelten and Harald Anderson. |
| 260 | |a [Washington, D.C.] : |b International Monetary Fund, Research Dept., |c ©2006. | ||
| 300 | |a 1 online resource (20 pages) | ||
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| 490 | 1 | |a IMF working paper ; |v WP/06/151 | |
| 504 | |a Includes bibliographical references. | ||
| 588 | 0 | |a Print version record. | |
| 520 | |a Debates surrounding the adoption of a common currency have focused on its benefits weighed against the long-term costs of losing monetary independence. These debates have assumed that the penalty for not adopting a common currency is the maintenance of the status quo. This paper uses the Sjaastad model to analyze the price-making power of major currencies with regard to the prices of traded goods in small countries that have not adopted the euro and uses the Bayoumi-Eichengreen OCA index methodology to shed further light on changes in Europe. The empirical evidence suggests that small countries that have not adopted the euro have increasingly seen a change in the determinants of their traded goods prices. This seems to contrast with the experience of small countries that adopted the euro. The results need to be interpreted carefully, given the short time series. | ||
| 506 | |3 Use copy |f Restrictions unspecified |2 star |5 MiAaHDL | ||
| 533 | |a Electronic reproduction. |b [Place of publication not identified] : |c HathiTrust Digital Library, |d 2010. |5 MiAaHDL | ||
| 538 | |a Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. |u http://purl.oclc.org/DLF/benchrepro0212 |5 MiAaHDL | ||
| 583 | 1 | |a digitized |c 2010 |h HathiTrust Digital Library |l committed to preserve |2 pda |5 MiAaHDL | |
| 505 | 0 | |a Contents -- I. INTRODUCTION -- II. OPTIMAL CURRENCY AREA LITERATURE BEFORE 1999 -- III. ESTIMATION METHOD FOR SJAASTAD MODEL -- IV. DATA -- V. ESTIMATION RESULTS -- VI. EUROPEAN ECONOMIES BEFORE AND AFTER THE INTRODUCTION OF THE EURO, AND THE BAYOUMI- EICHENGREEN MODEL -- VII. CONCLUSIONS -- References | |
| 590 | |a ProQuest Ebook Central |b Ebook Central Academic Complete | ||
| 650 | 0 | |a Monetary policy |z Europe. | |
| 650 | 0 | |a Foreign exchange rates |z Europe. | |
| 650 | 0 | |a Monetary unions |z Europe |x Econometric models. | |
| 650 | 0 | |a Currency question |z Europe |x Econometric models. | |
| 650 | 6 | |a Unions monétaires |z Europe |x Modèles économétriques. | |
| 650 | 6 | |a Politique monétaire |z Europe |z Modèles économétriques. | |
| 650 | 6 | |a Question monétaire |z Europe |x Modèles économétriques. | |
| 650 | 6 | |a Politique monétaire |z Europe. | |
| 650 | 6 | |a Taux de change |z Europe. | |
| 650 | 7 | |a Monetary unions |x Econometric models |2 fast | |
| 650 | 7 | |a Currency question |x Econometric models |2 fast | |
| 650 | 7 | |a Foreign exchange rates |2 fast | |
| 650 | 7 | |a Monetary policy |2 fast | |
| 651 | 7 | |a Europe |2 fast |1 https://id.oclc.org/worldcat/entity/E39PBJxCxPbbk4CPJDQJb4r6rq | |
| 700 | 1 | |a Anderson, Harald |q (Harald Jens), |e author. |1 https://id.oclc.org/worldcat/entity/E39PCjFDFGCb4xJyr78TqyH3cP | |
| 758 | |i has work: |a Price impacts of non-adoption of the euro for small European countries (Text) |1 https://id.oclc.org/worldcat/entity/E39PCFCq43FyHvxJDf9HGh4yVC |4 https://id.oclc.org/worldcat/ontology/hasWork | ||
| 776 | 0 | 8 | |i Print version: |a Yelten, Sibel. |t Price impacts of non-adoption of the euro for small European countries. |d Washington, D.C. : International Monetary Fund, Monetary and Financial Systems Dept., ©2006 |w (OCoLC)74711061 |
| 830 | 0 | |a IMF working paper ; |v WP/06/151. | |
| 856 | 4 | 0 | |u https://ebookcentral.uam.elogim.com/lib/uam-ebooks/detail.action?docID=3014535 |z Texto completo |
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