Deciding to enter a monetary union : the role of trade and financial linkages /

This paper evaluates the role of trade and financial linkages in the decision to enter a monetary union. We estimate a two-country DSGE model for the U.K. economy and the euro area, and use the model to compute the welfare trade-offs from joining the euro. We evaluate two alternative scenarios. In t...

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Bibliographic Details
Call Number:Libro Electrónico
Main Author: Lama, Ruy, 1975-
Corporate Author: International Monetary Fund. Institute for Capacity Development
Other Authors: Rabanal, Pau
Format: Electronic eBook
Language:Inglés
Published: [Washington, D.C.] : International Monetary Fund, ©2012.
Series:IMF working paper ; WP/12/240.
Subjects:
Economic and Monetary Union.
Economic and Monetary Union
Monetary unions > Europe.
Monetary unions > Europe > Econometric models.
Eurozone.
Eurozone > Econometric models.
Unions monétaires > Europe.
Unions monétaires > Europe > Modèles économétriques.
Zone euro.
Zone euro > Modèles économétriques.
BUSINESS & ECONOMICS > Finance.
Eurozone
Monetary unions
Monetary unions > Econometric models
Europe
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