Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/22976
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dc.contributor.authorPope, Robinen_US
dc.date.accessioned2009-01-29T15:11:33Z-
dc.date.available2009-01-29T15:11:33Z-
dc.date.issued2007en_US
dc.identifier.urihttp://hdl.handle.net/10419/22976-
dc.description.abstractMundell's optimal currency area model has been misconstrued, being at base an argument against multiple currencies as Mundell himself stated in that paper and frequently since. This paper shows two things. First use of this model has generated beggar-thy-neighbour advice concerning exchange rate changes. Second, because of its certainty assumptions, the model's findings that an exchange rate change could restore equilibrium after certain types of shocks is only plausible if 1) there to have been no prior exchange rate change in living memory, and 2) if there is something precluding any currency area subsequently generating another exchange rate change.en_US
dc.language.isoengen_US
dc.publisheren_US
dc.relation.ispartofseries|aBonn econ discussion papers |x2007,1en_US
dc.subject.jelF31en_US
dc.subject.jelD80en_US
dc.subject.ddc330en_US
dc.subject.keywordoptimal currency areaen_US
dc.subject.keywordexchange rate regimeen_US
dc.subject.keywordcertaintyen_US
dc.subject.keyworduncertainty effectsen_US
dc.subject.keywordbeggar-thyneighbour policiesen_US
dc.subject.keywordSKATen_US
dc.subject.stwOptimaler Währungsraumen_US
dc.subject.stwWechselkurssystemen_US
dc.subject.stwKonjunkturzusammenhangen_US
dc.subject.stwMundell-Fleming-Modellen_US
dc.subject.stwTheorieen_US
dc.titleBeggar Thy Neighbour: Exchange Rate Regime Misadvice from Misunderstandings of Mundell (1961)en_US
dc.typeWorking Paperen_US
dc.identifier.ppn527587982en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-

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