Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/103763 
Authors: 
Year of Publication: 
2014
Series/Report no.: 
Kiel Working Paper No. 1969
Publisher: 
Kiel Institute for the World Economy (IfW), Kiel
Abstract: 
Whether countries benefit from forming a monetary union depends critically on the way monetary policy is conducted. This is mainly because monetary policy determines whether and to what extent a flexible nominal exchange rate fosters or hampers macroeconomic stabilization, even if monetary policy does not target the nominal exchange rate explicitly.
Subjects: 
monetary union
macroeconomic stabilization
welfare analysis
optimum currency area theory
trade openness
JEL: 
F33
F41
E52
Document Type: 
Working Paper

Files in This Item:
File
Size
369.13 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.