|
|
|
|
|
|
|
|
1. |
Record Nr. |
UNINA9910821266303321 |
|
|
Autore |
Yelten Sibel |
|
|
Titolo |
Price impacts of non-adoption of the Euro for small European countries / / prepared by E. Sibel Yelten and Harald Anderson |
|
|
|
|
|
|
|
Pubbl/distr/stampa |
|
|
[Washington, D.C.], : International Monetary Fund, Research Dept., c2006 |
|
|
|
|
|
|
|
|
|
ISBN |
|
1-4623-0440-0 |
1-4527-3702-9 |
1-282-39252-2 |
9786613820785 |
1-4527-0336-1 |
|
|
|
|
|
|
|
|
Edizione |
[1st ed.] |
|
|
|
|
|
Descrizione fisica |
|
1 online resource (22 p.) |
|
|
|
|
|
|
Collana |
|
IMF working paper ; ; WP/06/151 |
|
|
|
|
|
|
Altri autori (Persone) |
|
|
|
|
|
|
Soggetti |
|
Monetary policy - Europe |
Foreign exchange rates - Europe |
|
|
|
|
|
|
|
|
Lingua di pubblicazione |
|
|
|
|
|
|
Formato |
Materiale a stampa |
|
|
|
|
|
Livello bibliografico |
Monografia |
|
|
|
|
|
Note generali |
|
|
|
|
|
|
Nota di bibliografia |
|
Includes bibliographical references. |
|
|
|
|
|
|
Nota di contenuto |
|
""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"" |
|
|
|
|
|
|
|
|
Sommario/riassunto |
|
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 |
|
|
|
|