메뉴 건너뛰기




Volumn 3, Issue 3-4, 2006, Pages 225-247

Monetary unions, external shocks and economic performance: A Latin American perspective

Author keywords

Business cycle; Monetary union; Multination currency

Indexed keywords


EID: 33845493235     PISSN: 16124804     EISSN: 16124812     Source Type: Journal    
DOI: 10.1007/s10368-006-0056-2     Document Type: Conference Paper
Times cited : (19)

References (50)
  • 3
    • 0034918605 scopus 로고    scopus 로고
    • International data on educational attainment: Updates and implications
    • Oxford University Press
    • Barro RJ, Lee J-W (2001) International data on educational attainment: updates and implications. vol 53(3) Oxford Economic Papers, Oxford University Press. pp 541-563
    • (2001) Oxford Economic Papers , vol.53 , Issue.3 , pp. 541-563
    • Barro, R.J.1    Lee, J.-W.2
  • 4
    • 0000173718 scopus 로고
    • A formal model of optimum currency areas
    • Bayoumi T (1994) A formal model of optimum currency areas. IMF Staff Pap 41:537-558
    • (1994) IMF Staff Pap , vol.41 , pp. 537-558
    • Bayoumi, T.1
  • 5
    • 0003207283 scopus 로고
    • One money or many? Analyzing the prospects for monetary unification in various parts of the world
    • no. 76. Princeton, Princeton, NJ
    • Bayoumi T, Eichengreen B (1994) One money or many? Analyzing the prospects for monetary unification in various parts of the world. Studies in international finance, no. 76. Princeton, Princeton, NJ
    • (1994) Studies in International Finance
    • Bayoumi, T.1    Eichengreen, B.2
  • 6
    • 0031412546 scopus 로고    scopus 로고
    • Ever closer to heaven? An optimum-currency-area index for European countries
    • Bayoumi T, Eichengreen B (1997) Ever closer to heaven? An optimum-currency-area index for European countries. Euro Econ Rev 41(3-5):761-770
    • (1997) Euro Econ Rev , vol.41 , Issue.3-5 , pp. 761-770
    • Bayoumi, T.1    Eichengreen, B.2
  • 7
    • 0036889376 scopus 로고    scopus 로고
    • Monetary integration in the Southern Cone
    • Belke A, Gros D (2002) Monetary integration in the Southern Cone. N Am J Econ Finance 13(3):323-349
    • (2002) N Am J Econ Finance , vol.13 , Issue.3 , pp. 323-349
    • Belke, A.1    Gros, D.2
  • 8
    • 0036888887 scopus 로고    scopus 로고
    • An evaluation of monetary regime options for Latin America
    • Berg A, Borensztein E, Mauro P (2002) An evaluation of monetary regime options for Latin America. N Am J Econ Finance 13(3):213-235
    • (2002) N Am J Econ Finance , vol.13 , Issue.3 , pp. 213-235
    • Berg, A.1    Borensztein, E.2    Mauro, P.3
  • 9
    • 33845489866 scopus 로고    scopus 로고
    • Survey about monetary unions
    • Mimeo
    • Cabasson D (2003) Survey about monetary unions. Mimeo
    • (2003)
    • Cabasson, D.1
  • 12
    • 4444334588 scopus 로고    scopus 로고
    • The political economy of monetary union
    • Elgar Reference Collection. Elgar, Cheltenham, U.K. and Northampton, Massachusetts
    • De Grauwe P (2001) The political economy of monetary union. Elgar Reference Collection. International Library of Critical Writings in Economics, vol. 134. Elgar, Cheltenham, U.K. and Northampton, Massachusetts
    • (2001) International Library of Critical Writings in Economics , vol.134
    • De Grauwe, P.1
  • 13
    • 0026471194 scopus 로고
    • Outward-oriented developing economies really do grow more rapidly: Evidence from 95 LDCs, 1976-1985
    • Dollar D (1992) Outward-oriented developing economies really do grow more rapidly: Evidence from 95 LDCs, 1976-1985. Econ Dev Cult Change 40(3):523-544
    • (1992) Econ Dev Cult Change , vol.40 , Issue.3 , pp. 523-544
    • Dollar, D.1
  • 14
    • 0001738565 scopus 로고    scopus 로고
    • Fewer monies, better monies
    • Dornbusch R (2001) Fewer monies, better monies. Am Econ Rev, Am Econ Assoc 91(2):238-242
    • (2001) Am Econ Rev, Am Econ Assoc , vol.91 , Issue.2 , pp. 238-242
    • Dornbusch, R.1
  • 15
    • 0005866459 scopus 로고    scopus 로고
    • The choice of exchange rate regime in developing and middle income countries
    • In: Takatoshi I, Krueger AO (eds) NBER-East Asia Seminar on Economics, vol 7. University of Chicago Press, Chicago
    • Edwards S (1999) The choice of exchange rate regime in developing and middle income countries. In: Takatoshi I, Krueger AO (eds) Changes in Exchange Rates in Rapidly Developing Countries: Theory, Practice, and Policy Issues, 9-23, NBER-East Asia Seminar on Economics, vol 7. University of Chicago Press, Chicago
    • (1999) Changes in Exchange Rates in Rapidly Developing Countries: Theory, Practice, and Policy Issues , pp. 9-23
    • Edwards, S.1
  • 16
    • 0346232321 scopus 로고    scopus 로고
    • Does the current account matter?
    • In: Edwards S, Frankel JA (eds) The University of Chicago Press, Chicago
    • Edwards S (2002) Does the current account matter? In: Edwards S, Frankel JA (eds) Preventing currency crises in emerging markets. The University of Chicago Press, Chicago
    • (2002) Preventing Currency Crises in Emerging Markets
    • Edwards, S.1
  • 17
    • 4444261104 scopus 로고    scopus 로고
    • Thirty years of current account imbalances, current account reversals and sudden stops
    • Edwards S (2004) Thirty years of current account imbalances, current account reversals and sudden stops. IMF Staff Pap 61, Special Issue:1-49
    • (2004) IMF Staff Pap , vol.61 , Issue.SPEC. ISSUE , pp. 1-49
    • Edwards, S.1
  • 19
    • 27144455350 scopus 로고    scopus 로고
    • Flexible exchange rates as shock absorbers
    • Edwards S, Levy Yeyati E (2005) Flexible exchange rates as shock absorbers. Euro Econ Rev 49(8):2079-2105
    • (2005) Euro Econ Rev , vol.49 , Issue.8 , pp. 2079-2105
    • Edwards, S.1    Levy Yeyati, E.2
  • 20
    • 33644755680 scopus 로고    scopus 로고
    • Strict dollarization and economic performance: An empirical investigation
    • Credit Bank, forthcoming
    • Edwards S, Magendzo II (2006) Strict dollarization and economic performance: An empirical investigation. J Money, Credit Bank, forthcoming
    • (2006) J Money
    • Edwards, S.1    Magendzo, I.I.2
  • 22
    • 33845489626 scopus 로고    scopus 로고
    • Un Área Monetaria para el Mercosur?
    • In: Carrera J, Sturzenegger F (eds) Fondo de Cultura Económica México, D.F
    • Ferrando GF (2000) Un Área Monetaria para el Mercosur? In: Carrera J, Sturzenegger F (eds) Coordinación de Políticas Macroeconómicas en el MERCOSUR, Fondo de Cultura Económica México, D.F.
    • (2000) Coordinación De Políticas Macroeconómicas En El MERCOSUR
    • Ferrando, G.F.1
  • 23
    • 33845492016 scopus 로고    scopus 로고
    • Does openness to trade make countries more vulnerable to sudden stops, or less?
    • NBER Working Paper, No. 10957
    • Frankel JA, Cavallo EA (2004) Does openness to trade make countries more vulnerable to sudden stops, or less? Using gravity to establish causality. NBER Working Paper, No. 10957
    • (2004) Using Gravity to Establish Causality
    • Frankel, J.A.1    Cavallo, E.A.2
  • 24
    • 0042762133 scopus 로고    scopus 로고
    • Currency crashes in emerging markets: An empirical treatment
    • Frankel JA, Rose AK (1996) Currency crashes in emerging markets: An empirical treatment. J Int Econ 41(3-4):351-366
    • (1996) J Int Econ , vol.41 , Issue.3-4 , pp. 351-366
    • Frankel, J.A.1    Rose, A.K.2
  • 25
    • 0142197986 scopus 로고    scopus 로고
    • The endogeneity of the optimum currency area criterion
    • Frankel JA, Rose AK (1998) The endogeneity of the optimum currency area criterion. Econ J 108(449):1009-1025
    • (1998) Econ J , vol.108 , Issue.449 , pp. 1009-1025
    • Frankel, J.A.1    Rose, A.K.2
  • 26
    • 0036589471 scopus 로고    scopus 로고
    • An estimate of the effect of common currencies on trade and income
    • Frankel JA, Rose AK (2002) An estimate of the effect of common currencies on trade and income. Q J Econ 117(2):437-466
    • (2002) Q J Econ , vol.117 , Issue.2 , pp. 437-466
    • Frankel, J.A.1    Rose, A.K.2
  • 27
    • 0036888889 scopus 로고    scopus 로고
    • Alternative exchange-rate regimes: The options for Latin America
    • Hochreiter E, Siklos PL (2002) Alternative exchange-rate regimes: The options for Latin America. N Am J Econ Finance 13(3):195-211
    • (2002) N Am J Econ Finance , vol.13 , Issue.3 , pp. 195-211
    • Hochreiter, E.1    Siklos, P.L.2
  • 28
    • 0036889130 scopus 로고    scopus 로고
    • Monetary union: European lessons, Latin American prospects
    • Hochreiter E, Schmidt-Hebbel K, Winckler G (2002) Monetary union: European lessons, Latin American prospects. N Am J Econ Finance 13(3):297-321
    • (2002) N Am J Econ Finance , vol.13 , Issue.3 , pp. 297-321
    • Hochreiter, E.1    Schmidt-Hebbel, K.2    Winckler, G.3
  • 29
    • 0002407807 scopus 로고
    • The theory of optimum currency areas: An eclectic view
    • In: Mundell RA, Swoboda AK (eds) University Press, Chicago
    • Kenen PB (1969) The theory of optimum currency areas: An eclectic view. In: Mundell RA, Swoboda AK (eds) Monetary problems of the international economy. University Press, Chicago
    • (1969) Monetary Problems of the International Economy
    • Kenen, P.B.1
  • 30
    • 0036889346 scopus 로고    scopus 로고
    • Central European EU accession and Latin American integration: Mutual lessons in macroeconomic policy design
    • Kopits G (2002) Central European EU accession and Latin American integration: Mutual lessons in macroeconomic policy design. N Am J Econ Finance 13(3):253-277
    • (2002) N Am J Econ Finance , vol.13 , Issue.3 , pp. 253-277
    • Kopits, G.1
  • 31
    • 33750490909 scopus 로고    scopus 로고
    • Regional currencies versus dollarization: Option for Asia and the Americas
    • Larrain F, Tavares J (2003) Regional currencies versus dollarization: option for Asia and the Americas. Policy Reform 6(1):35-49
    • (2003) Policy Reform , vol.6 , Issue.1 , pp. 35-49
    • Larrain, F.1    Tavares, J.2
  • 32
    • 33845484942 scopus 로고    scopus 로고
    • Hacia la Creacin de una Moneda Común: Una Propuesta de Convergencia Coordinada de Políticas Macroeconómica en el MERCOSUR
    • In: Carrera J, Sturzenegger F (eds) Fondo de Cultura Económica México, D.F
    • Lavagna R, Giambiagi F (2000) Hacia la Creacin de una Moneda Común: Una Propuesta de Convergencia Coordinada de Políticas Macroeconómica en el MERCOSUR. In: Carrera J, Sturzenegger F (eds) Coordinación de Políticas Macroeconómicas en el MERCOSUR, Fondo de Cultura Económica México, D.F.
    • (2000) Coordinación De Políticas Macroeconómicas En El MERCOSUR
    • Lavagna, R.1    Giambiagi, F.2
  • 33
    • 24044492992 scopus 로고    scopus 로고
    • Dollarization: A primer
    • In: Levy Yeyati E, Sturzenegger F (eds) MIT Press, Cambridge
    • Levy Yeyati E, Sturzenegger F (2003a) Dollarization: A primer. In: Levy Yeyati E, Sturzenegger F (eds) Dollarization. MIT Press, Cambridge, pp 1-51
    • (2003) Dollarization , pp. 1-51
    • Levy Yeyati, E.1    Sturzenegger, F.2
  • 34
    • 0346409542 scopus 로고    scopus 로고
    • To float or to fix: Evidence on the impact of exchange rate regimes on growth
    • Levy Yeyati E, Sturzenegger F (2003b) To float or to fix: Evidence on the impact of exchange rate regimes on growth. Am Econ Rev 93(4):1178-1189
    • (2003) Am Econ Rev , vol.93 , Issue.4 , pp. 1178-1189
    • Levy Yeyati, E.1    Sturzenegger, F.2
  • 35
    • 0000410676 scopus 로고
    • Optimum currency areas
    • McKinnon RI (1963) Optimum currency areas. Am Econ Rev 53:717-725
    • (1963) Am Econ Rev , vol.53 , pp. 717-725
    • McKinnon, R.I.1
  • 36
    • 0037712173 scopus 로고    scopus 로고
    • Current account reversals and currency crises: Empirical regularities
    • In: Krugman P (ed) University of Chicago Press, Chicago
    • Milesi-Ferretti GM, Razin A (2000) Current account reversals and currency crises: Empirical regularities. In: Krugman P (ed) Currency crises. University of Chicago Press, Chicago
    • (2000) Currency Crises
    • Milesi-Ferretti, G.M.1    Razin, A.2
  • 39
    • 0001260761 scopus 로고
    • A theory of optimum currency areas
    • Mundell RA (1961) A theory of optimum currency areas. Am Econ Rev 51(4):657-665
    • (1961) Am Econ Rev , vol.51 , Issue.4 , pp. 657-665
    • Mundell, R.A.1
  • 40
    • 80051667292 scopus 로고    scopus 로고
    • Assessing dollarization: An application to Central American and Caribbean countries
    • In: Levy-Yeyati E, Sturzenneger F (eds) MIT Press, Cambridge
    • Panizza H, Stein E, Talvi E (2003) Assessing dollarization: An application to Central American and Caribbean countries. In: Levy-Yeyati E, Sturzenneger F (eds) Dollarization, MIT Press, Cambridge
    • (2003) Dollarization
    • Panizza, H.1    Stein, E.2    Talvi, E.3
  • 41
    • 33845489625 scopus 로고    scopus 로고
    • Dollarization: The link between devaluation and default risk
    • In: Levy Yeyati E, Sturzenegger F (eds) MIT Press, Cambridge
    • Powell A, Sturzenegger F (2003) Dollarization: The link between devaluation and default risk. In: Levy Yeyati E, Sturzenegger F (eds) Dollarization. MIT Press, Cambridge, pp 201-236
    • (2003) Dollarization , pp. 201-236
    • Powell, A.1    Sturzenegger, F.2
  • 42
    • 85016838404 scopus 로고    scopus 로고
    • One money, one market: Estimating the effect of common currencies on trade
    • Rose AK (2000) One money, one market: Estimating the effect of common currencies on trade. Econ Policy 15(30):7-46
    • (2000) Econ Policy , vol.15 , Issue.30 , pp. 7-46
    • Rose, A.K.1
  • 43
    • 85016809987 scopus 로고    scopus 로고
    • National money as a barrier to international trade: The real case for currency union
    • Rose AK, van Wincoop E (2001) National money as a barrier to international trade: The real case for currency union. Am Econ Rev 91(2):386-390
    • (2001) Am Econ Rev , vol.91 , Issue.2 , pp. 386-390
    • Rose, A.K.1    van Wincoop, E.2
  • 44
    • 0036846925 scopus 로고    scopus 로고
    • Currency unions and international integration
    • Rose AK, Engel C (2002) Currency unions and international integration. J Money Credit Bank 34(4):1067-1089
    • (2002) J Money Credit Bank , vol.34 , Issue.4 , pp. 1067-1089
    • Rose, A.K.1    Engel, C.2
  • 45
    • 0001802590 scopus 로고
    • Economic reform and the process of global integration
    • Sachs JD, Warner AM (1995) Economic reform and the process of global integration. Brookings Pap Econ Act 1:1-118
    • (1995) Brookings Pap Econ Act , vol.1 , pp. 1-118
    • Sachs, J.D.1    Warner, A.M.2
  • 46
    • 0038720507 scopus 로고
    • On the international use of currencies: The case of the Deutsche Mark
    • No. 181. International Finance Section, Dept. of Economics, Princeton University, Princeton, N.J
    • Tavlas GS (1991) On the international use of currencies: The case of the Deutsche Mark. Essays in International Finance, No. 181. International Finance Section, Dept. of Economics, Princeton University, Princeton, N.J.
    • (1991) Essays in International Finance
    • Tavlas, G.S.1
  • 47
    • 0039897313 scopus 로고
    • Vehicle currencies
    • In: Newman P, Milgate M, Eatwell J (eds) 3. McMillan, London
    • Tavlas GS (1992) Vehicle currencies. In: Newman P, Milgate M, Eatwell J (eds) The New Palgrave Dictionary of Money and Finance. 3. McMillan, London, pp 754-777
    • (1992) The New Palgrave Dictionary of Money and Finance , pp. 754-777
    • Tavlas, G.S.1
  • 48
    • 0000018005 scopus 로고
    • The 'new' theory of optimum currency areas
    • Tavlas GS (1993) The 'new' theory of optimum currency areas. World Economy 16:663-685
    • (1993) World Economy , vol.16 , pp. 663-685
    • Tavlas, G.S.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.