Price Impacts of Non-Adoption of the Euro for Small European Countries / / Harald Anderson, Sibel Beadle

• Autore: Anderson Harald
• Pubblicazione: Washington, D.C. : , : International Monetary Fund, , 2006
• Descrizione fisica: 1 online resource (22 p.)
• Soggetto topico: Monetary policy - Europe; Foreign exchange rates - Europe; Exports and Imports; Foreign Exchange; Money and Monetary Policy; Monetary Systems; Standards; Regimes; Government and the Monetary System; Payment Systems; Financial Aspects of Economic Integration; Trade Policy; International Trade Organizations; Monetary economics; International economics; Currency; Foreign exchange; Currencies; Monetary unions; Exchange rates; Plurilateral trade; Reserve currencies; Money; International trade
• Soggetto geografico: United States
• Altri autori: BeadleSibel
• Note generali: "June 2006."
• 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 the experience of small countries that adopted the euro. The results need to be interpreted carefully, given the short time series.
• Titolo autorizzato: Price Impacts of Non-Adoption of the Euro for Small European Countries
• ISBN: 1-4623-0440-0; 1-4527-3702-9; 1-282-39252-2; 9786613820785; 1-4527-0336-1
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910788522303321
• Lo trovi qui: Univ. Federico II
• Serie: IMF Working Papers; Working Paper ; ; No. 2006/151