00932nam0-22003251i-450-99000109280040332120160322110532.0000109280FED01000109280(Aleph)000109280FED0100010928020001205d1954----km-y0itay50------baengModern Physics for the EngineerRoyal Weller ... [et al.]edited by Louis N. RidenourNew York [etc.]McGraw-Hill1954xix, 499 p.ill.24 cmFisicaOpere generali530Weller,RoyalRidenour,Louis N.ITUNINARICAUNIMARCBK99000109280040332120A-14516552FI120A-145.00116556FI1GM1 AH III 211657GM1FI1GM1Modern Physics for the Engineer335181UNINA04808oam 22012014 450 991096992120332120250426110105.0978661382078597814623044001462304400978145273702714527370299781282392526128239252297814527033671452703361(CKB)3360000000443117(EBL)3014535(SSID)ssj0000943019(PQKBManifestationID)11505580(PQKBTitleCode)TC0000943019(PQKBWorkID)10974563(PQKB)11757315(OCoLC)694141240(IMF)WPIEE2006151(MiAaPQ)EBC3014535(IMF)WPIEA2006151WPIEA2006151(EXLCZ)99336000000044311720020129d2006 uf 0engur|n|---|||||txtccrPrice Impacts of Non-Adoption of the Euro for Small European Countries /Harald Anderson, Sibel Beadle1st ed.Washington, D.C. :International Monetary Fund,2006.1 online resource (22 p.)IMF Working Papers"June 2006."9781451864113 1451864116 Includes bibliographical references.""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""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.IMF Working Papers; Working Paper ;No. 2006/151Monetary policyEuropeForeign exchange ratesEuropeCurrenciesimfCurrencyimfExchange ratesimfExports and ImportsimfFinancial Aspects of Economic IntegrationimfForeign ExchangeimfForeign exchangeimfGovernment and the Monetary SystemimfInternational economicsimfInternational Trade OrganizationsimfInternational tradeimfMonetary economicsimfMonetary SystemsimfMonetary unionsimfMoney and Monetary PolicyimfMoneyimfPayment SystemsimfPlurilateral tradeimfRegimesimfReserve currenciesimfStandardsimfTrade PolicyimfUnited StatesimfMonetary policyForeign exchange ratesCurrenciesCurrencyExchange ratesExports and ImportsFinancial Aspects of Economic IntegrationForeign ExchangeForeign exchangeGovernment and the Monetary SystemInternational economicsInternational Trade OrganizationsInternational tradeMonetary economicsMonetary SystemsMonetary unionsMoney and Monetary PolicyMoneyPayment SystemsPlurilateral tradeRegimesReserve currenciesStandardsTrade PolicyAnderson Harald1815716Beadle Sibel1816504DcWaIMFBOOK9910969921203321Price Impacts of Non-Adoption of the Euro for Small European Countries4372625UNINA