One Money or Many? On Analyzing the Prospects for Monetary Unification in Various Parts of the World

Tamim Bayoumi and Barry Eichengreen

No 233213, Center for International and Development Economics Research (CIDER) Working Papers from University of California-Berkeley, Department of Economics

Abstract: The literature on optimal currency areas identifies the symmetry of disturbances and the speed with which economies adjust as key criteria affecting the decision of whether to form a monetary union. This paper uses structural vector autoregression techniques to examine these issues for three regions: Western Europe, the Americas, and East Asia. The results suggest three country groupings that best satisfy these criteria: Northern Europe (Germany, France, the Netherlands, Belgium, Denmark, Austria, and possibly Switzerland); Northeast Asia (Japan, Taiwan, and Korea); and Southeast Asia (Hong Kong, Singapore, Malaysia, Indonesia, and possibly Thailand).

Keywords: Financial; Economics (search for similar items in EconPapers)
Pages: 51
Date: 1993-11
References: Add references at CitEc
Citations: View citations in EconPapers (28)

Downloads: (external link)
https://ageconsearch.umn.edu/record/233213/files/cal-cider-c093-030.pdf (application/pdf)

Related works:
Working Paper: One Money or Many? On Analyzing the Prospects for Monetary Unification in Various Parts of the World (1993)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:ucbewp:233213

DOI: 10.22004/ag.econ.233213

Access Statistics for this paper

More papers in Center for International and Development Economics Research (CIDER) Working Papers from University of California-Berkeley, Department of Economics Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().