Optimal Currency Areas

Alberto Alesina, Robert Barro and Silvana Tenreyro

No 1958, Harvard Institute of Economic Research Working Papers from Harvard - Institute of Economic Research

Abstract: As the number of independent countries increases and their economies become more integrated, we would expect to observe more multi-country currency unions. This paper explores the pros and cons for different countries to adopt as an anchor the dollar, the euro, or the yen. Although there appear to be reasonably well-defined euro and dollar areas, there does not seem to be a yen area. We also address the question of how trade and co-movements of outputs and prices would respond to the formation of a currency union. This response is important because the decision of a country to join a union would depend on how the union affects trade and co-movements.

Date: 2002
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (161)

Downloads: (external link)
http://www.economics.harvard.edu/pub/hier/2002/HIER1958.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found (http://www.economics.harvard.edu/pub/hier/2002/HIER1958.pdf [301 Moved Permanently]--> https://www.economics.harvard.edu/pub/hier/2002/HIER1958.pdf)

Related works:
Chapter: Optimal Currency Areas (2003)
Working Paper: Optimal Currency Areas (2002)
Working Paper: Optimal Currency Areas (2002)
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:fth:harver:1958

Access Statistics for this paper

More papers in Harvard Institute of Economic Research Working Papers from Harvard - Institute of Economic Research Contact information at EDIRC.
Bibliographic data for series maintained by Thomas Krichel ().