On the mark(s): Optimum currency areas in Germany

Economic Modelling

Volumn 13, Issue 4, 1996, Pages 561-573

  Ghosh, Atish R ^a   Wolf, Holger C ^b  

^a INTERNATIONAL MONETARY FUND   (United States)

^b NATIONAL BUREAU OF ECONOMIC RESEARCH   (United States)

Author keywords

German monetary unification; Optimal currency areas

Indexed keywords

EID: 0030268298     PISSN: 02649993     EISSN: None     Source Type: Journal    
DOI: 10.1016/0264-9993(96)01026-7     Document Type: Article

References (28)

1. Aiyagari, R., 1994, On the contribution of technology shocks to business cycles, Federal Reserve Bank of Minneapolis Quarterly Review, Winter, 22-34.
2. Aizenman, J. and R. Flood, 1993, A theory of optimum currency areas: Revisited, IMF Working Paper No. 39/92.
3. Altonji, J. and J.C. Ham, 1990, Variation in employment growth in Canada: The role of external, national, regional, and industrial factors, Journal of Labor Economics 8, 198-236.
4. Bayoumi, T., 1994, A formal model of optimum currency areas, IMF Working Paper No. 42.
5. Borensztein, E. and J.D. Ostry, 1994, Economic reform and structural adjustment in East European Industry, IMF Working Paper No. 94/80.
6. Casella, A., 1990, Participation in a currency union, NBER Working Paper No. 3220.
7. Costello, D., 1993, A cross-country, cross-industry comparison of productivity growth, Journal of Political Economy 101, 207-222.
8. European Union Commission, 1990, One market, one money, European Economy 44.
9. Ghosh, A. and H. Wolf, 1995a, finding optimal currency areas, Mimeo.
10. Ghosh, A. and H. Wolf, 1995b, Computers or California: On the relative importance of sectoral versus geographic shocks in the US business cycle, Mimeo.
11. Ghosh, A. and H. Wolf, 1996, Optimal industrial policy, Mimeo.
12. Helg, R., P. Manasse, T. Monacelli and R. Rovelli, 1995, How much (a)symmetry in Europe? Evidence from industrial sectors, European Economic Review 39, 1017-1041.
13. Kenen, P.B., 1969, The theory of optimum currency areas: An eclectic view, in: R. Mundell and A. Swoboda, eds., Monetary problems of the international economy (University of Chicago Press, Chicago, IL).
14. Koza, J., 1993, Genetic programming (Cambridge, MA).
15. Lebow, D., 1993, The covariability of productivity shocks across industries, Journal of Macroeconomics 15, 483-510.
16. Long, J. and C. Plosser, 1987, Sectoral versus aggregate shocks in the business cycle, American Economic Review 77, 333-336.
17. Masson, P. and M. Taylor, 1993, Policy issues in the operation of currency unions (Cambridge University Press, Cambridge, UK).
18. McKinnon, R., 1963, Optimum currency areas, American Economic Review 53.
19. McKinnon, R., 1994, A common monetary standard or a common currency for Europe?, Scottish Journal of Political Economy 41, 337-357.
20. Mundell, R.A., 1961, A theory of optimum currency areas, American Economic Review 60, 657-665.
21. Norrbin, S. and D. Schlagenhauf, 1988, An inquiry into the sources of macroeconomic fluctuations, Journal of Monetary Economics 22, 444-470.
22. Norrbin, S. and D. Schlagenhauf, 1991, The importance of sectoral and aggregate shocks in business cycles, Economic Inquiry 24, 317-335.
23. Prasad, E. and A. Thomas, 1994, The Canadian labor market: Sources of shocks and adjustment mechanisms, Mimeo, International Monetary Fund.
24. Sala-i-Martin, X. and J. Sachs, 1992, Fiscal federalism and optimum currency areas, in: M. Canzoneri, V. Grilli and P. Masson, eds., Establishing a central bank (CEPR, Cambridge University Press).
25. Stockman, A., 1988, Sectoral and national aggregate disturbances to industrial output in seven European countries, Journal of Monetary Economics 21, 3887-409.
26. Stockman, A. 1990, International transmission and real business cycle models, AEA Papers and Proceedings, 134-138.
27. Tavlas, G., 1993, The 'new' theory of optimum currency areas, The World Economy, November, 663-685.
28. Tower, E. and T. Willett, 1976, The theory of optimum currency areas and exchange rate flexibility, Special Papers in International Economics No. 11, Princeton University.