메뉴 건너뛰기




Volumn , Issue , 2003, Pages

The OCA Approach to Exchange Rate Regimes

Author keywords

Exchange rate regime; Monetary policy; Optimal currency area theory

Indexed keywords


EID: 84920752530     PISSN: None     EISSN: None     Source Type: Book    
DOI: 10.1093/0195155351.003.0009     Document Type: Chapter
Times cited : (11)

References (62)
  • 3
    • 85022947074 scopus 로고    scopus 로고
    • Financial Interdependence and the State.
    • Andrews, David, and Thomas D. Willett. (1997). Financial Interdependence and the State. International Organization, 51 (3), 429-511
    • (1997) International Organization , vol.51 , Issue.3 , pp. 429-511
    • Andrews, D.1    Willett, T.D.2
  • 4
    • 0000173718 scopus 로고
    • A Formal Theory of Optimum Currency Areas.
    • Bayoumi, Tamim. (1994). A Formal Theory of Optimum Currency Areas. IMF Staff Papers, 41(4), 537-54.
    • (1994) IMF Staff Papers , vol.41 , Issue.4 , pp. 537-554
    • Bayoumi, T.1
  • 5
    • 38149145722 scopus 로고
    • Monetary and Exchange Rate Arrangements for NAFTA.
    • Bayoumi, Tamim, and Barry Eichengreen. (1994a). Monetary and Exchange Rate Arrangements for NAFTA. Journal of Development Economics, 43, 125-65.
    • (1994) Journal of Development Economics , vol.43 , pp. 125-165
    • Bayoumi, T.1    Eichengreen, B.2
  • 7
    • 84919537507 scopus 로고    scopus 로고
    • Optimum Currency Area and Exchange Rate Volatility
    • Benjamin J. Cohen (Ed.), Cambridge: Cambridge University Press.
    • Bayoumi, Tamim, and Barry Eichengreen. (1997). Optimum Currency Area and Exchange Rate Volatility. In Benjamin J. Cohen (Ed.), International Trade and Finance (pp. 194-215). Cambridge: Cambridge University Press.
    • (1997) International Trade and Finance , pp. 194-215
    • Bayoumi, T.1    Eichengreen, B.2
  • 8
    • 0001311522 scopus 로고    scopus 로고
    • Exchange Rate Volatility and Intervention: Implications of the Theory of Optimum Currency Areas.
    • Bayoumi, Tamim, and Barry Eichengreen. (1998). Exchange Rate Volatility and Intervention: Implications of the Theory of Optimum Currency Areas. Journal of International Economics, 45, 191-209.
    • (1998) Journal of International Economics , vol.45 , pp. 191-209
    • Bayoumi, T.1    Eichengreen, B.2
  • 9
    • 85022491513 scopus 로고
    • Economic and Monetary Union in Europe.
    • Autumn
    • Bean, Charles R. (1992, Autumn). Economic and Monetary Union in Europe. Journal of Economic Perspectives, 6(4), 31-52.
    • (1992) Journal of Economic Perspectives , vol.6 , Issue.4 , pp. 31-52
    • Bean, C.R.1
  • 10
    • 0009280450 scopus 로고
    • Is Europe an Optimum Currency Area?
    • Alfred Steinherr (Ed.), London: Longman.
    • Bofinger, Peter. (1994). Is Europe an Optimum Currency Area? In Alfred Steinherr (Ed.), Thirty Years of European Monetary Integration (pp. 38-56). London: Longman.
    • (1994) Thirty Years of European Monetary Integration , pp. 38-56
    • Bofinger, P.1
  • 11
    • 0011665439 scopus 로고
    • Prospects of the Monetary Order in the Republics of the FSU
    • Bofinger et al., London: Centre for Economic Policy Research.
    • Bofinger, Peter, Eirik Svindland, and Benedikt Thanner. (1993). Prospects of the Monetary Order in the Republics of the FSU. In Bofinger et al., The Economics of New Currencies (pp. 10-33). London: Centre for Economic Policy Research.
    • (1993) The Economics of New Currencies , pp. 10-33
    • Bofinger, P.1    Svindland, E.2    Thanner, B.3
  • 13
    • 0004237403 scopus 로고    scopus 로고
    • (NBER Working Paper No. 7993). National Bureau of Economic Research.
    • Calvo, Guillermo, and Carmen M. Reinhart. (2000). Fear of Floating. (NBER Working Paper No. 7993). National Bureau of Economic Research.
    • (2000) Fear of Floating
    • Calvo, G.1    Reinhart, C.M.2
  • 14
    • 0039594027 scopus 로고    scopus 로고
    • Currency Area and Equilibrium.
    • Cesarano, Filippo. (1997). Currency Area and Equilibrium. Open Economies Review 8, 51-59.
    • (1997) Open Economies Review , vol.8 , pp. 51-59
    • Cesarano, F.1
  • 15
    • 0004218121 scopus 로고    scopus 로고
    • Ithaca, N.Y.: Cornell University Press.
    • Cohen, Benjamin J. (1998). The Geography of Money. Ithaca, N.Y.: Cornell University Press.
    • (1998) The Geography of Money
    • Cohen, B.J.1
  • 16
    • 0000023879 scopus 로고
    • The Political Economy of Monetary Union in Europe.
    • DeGrauwe, Paul. (1993). The Political Economy of Monetary Union in Europe. World Economy 16, 653-61.
    • (1993) World Economy , vol.16 , pp. 653-661
    • DeGrauwe, P.1
  • 17
    • 0006761821 scopus 로고
    • (Princeton Studies in International Finance No. 74). Princeton: Princeton University Press.
    • Eichengreen, Barry. (1992). Should the Maastricht Treaty Be Saved? (Princeton Studies in International Finance No. 74). Princeton: Princeton University Press.
    • (1992) Should the Maastricht Treaty Be Saved?
    • Eichengreen, B.1
  • 19
    • 0012250236 scopus 로고    scopus 로고
    • Do Monetary Handcuffs Restrain Leviathan?
    • Fatás, Antonio, and Andrew K. Rose. (2001). Do Monetary Handcuffs Restrain Leviathan? IMF Staff Papers 47, 40-61.
    • (2001) IMF Staff Papers , vol.47 , pp. 40-61
    • Fatás, A.1    Rose, A.K.2
  • 20
    • 0040955127 scopus 로고    scopus 로고
    • EMU and International Conflict.
    • Feldstein, Martin. (1997). EMU and International Conflict. Foreign Affairs, 76(6), 60-73.
    • (1997) Foreign Affairs , vol.76 , Issue.6 , pp. 60-73
    • Feldstein, M.1
  • 21
    • 0142197986 scopus 로고    scopus 로고
    • The Endogeneity of the Optimum Currency Area Criteria.
    • Frankel, Jeffrey A., and Andrew K. Rose. (1998). The Endogeneity of the Optimum Currency Area Criteria. Economic Journal, 108, 1009-25.
    • (1998) Economic Journal , vol.108 , pp. 1009-1025
    • Frankel, J.A.1    Rose, A.K.2
  • 22
    • 0002849453 scopus 로고
    • The Case for Flexible Exchange Rates
    • Chicago: University of Chicago Press.
    • Friedman, Milton. (1953). The Case for Flexible Exchange Rates. In Essays in Positive Economics. Chicago: University of Chicago Press.
    • (1953) Essays in Positive Economics
    • Friedman, M.1
  • 23
    • 84982699485 scopus 로고
    • Departures from the Ruble Zone: The Implications of Adopting Independent Currencies.
    • Goldberg, Linda S., Barry W. Ickes, and Randi Ryterman. (1994). Departures from the Ruble Zone: The Implications of Adopting Independent Currencies. World Economy, 8(1), 293-322.
    • (1994) World Economy , vol.8 , Issue.1 , pp. 293-322
    • Goldberg, L.S.1    Ickes, B.W.2    Ryterman, R.3
  • 24
    • 0001891779 scopus 로고
    • The Political Economy of Monetary Union
    • Peter B. Kenen (Ed.), Princeton: Princeton University Press.
    • Goodhart, Charles. (1995). The Political Economy of Monetary Union. In Peter B. Kenen (Ed.), Understanding Interdependence: The Macroeconomics of the Open Economy (pp. 450-505). Princeton: Princeton University Press.
    • (1995) Understanding Interdependence: The Macroeconomics of the Open Economy , pp. 450-505
    • Goodhart, C.1
  • 26
    • 0002538525 scopus 로고    scopus 로고
    • Should There Be Five Currencies or One Hundred and Five?
    • Hausmann, Ricardo. (1999). Should There Be Five Currencies or One Hundred and Five? Foreign Policy, 116, 65-78.
    • (1999) Foreign Policy , vol.116 , pp. 65-78
    • Hausmann, R.1
  • 27
    • 0004088309 scopus 로고
    • Cambridge: Cambridge University Press.
    • Isard, Peter. (1995). Exchange Rate Economics. Cambridge: Cambridge University Press.
    • (1995) Exchange Rate Economics
    • Isard, P.1
  • 28
    • 0002407807 scopus 로고
    • The Theory of Optimum Currency Areas: An Eclectic View
    • Robert A. Mundell and Alexander K. Swoboda (Eds.), Chicago: University of Chicago Press.
    • Kenen, Peter. (1969). The Theory of Optimum Currency Areas: An Eclectic View. In Robert A. Mundell and Alexander K. Swoboda (Eds.), Monetary Problems of the International Economy (pp. 41-60). Chicago: University of Chicago Press.
    • (1969) Monetary Problems of the International Economy , pp. 41-60
    • Kenen, P.1
  • 29
    • 0003124598 scopus 로고
    • What Do We Need to Know About the International Monetary System?
    • Peter B. Kenen (Ed.), Princeton: Princeton University Press.
    • Krugman, Paul. (1995). What Do We Need to Know About the International Monetary System? In Peter B. Kenen (Ed.), Understanding Interdependence (pp. 509-30). Princeton: Princeton University Press.
    • (1995) Understanding Interdependence , pp. 509-530
    • Krugman, P.1
  • 31
    • 0030555708 scopus 로고    scopus 로고
    • Indeterminancy and Volatility of Exchange Rates under Imperfect Currency Substitution.
    • Mahdavi, Mahnaz, and Hossein Kazemi. (1996). Indeterminancy and Volatility of Exchange Rates under Imperfect Currency Substitution. Economic Inquiry, 34(1), 168-81.
    • (1996) Economic Inquiry , vol.34 , Issue.1 , pp. 168-181
    • Mahdavi, M.1    Kazemi, H.2
  • 32
    • 0142050438 scopus 로고
    • Optimal Currency Areas: A Fresh Look at the Traditional Criteria
    • Pierre Siklos (Ed.), Boston: Kluwer.
    • Masson, Paul, and Mark P. Taylor. (1994). Optimal Currency Areas: A Fresh Look at the Traditional Criteria. In Pierre Siklos (Ed.), Varieties of Monetary Reform (pp. 23-44). Boston: Kluwer.
    • (1994) Varieties of Monetary Reform , pp. 23-44
    • Masson, P.1    Taylor, M.P.2
  • 33
    • 0001957530 scopus 로고
    • Currency Unions: A Survey of the Issues
    • Paul Masson and Mark P. Taylor (Eds.), Cambridge: Cambridge University Press.
    • Masson, Paul, and Mark P. Taylor. (1993). Currency Unions: A Survey of the Issues. In Paul Masson and Mark P. Taylor (Eds.), Policy Issues in the Operation of Currency Unions (pp. 3-5). Cambridge: Cambridge University Press.
    • (1993) Policy Issues in the Operation of Currency Unions , pp. 3-5
    • Masson, P.1    Taylor, M.P.2
  • 35
    • 0042784887 scopus 로고    scopus 로고
    • Mundell, the Euro, and the World Dollar Standard.
    • McKinnon, Ronald I. (2000). Mundell, the Euro, and the World Dollar Standard. Journal of Policy Modeling, 22(3), 311-24.
    • (2000) Journal of Policy Modeling , vol.22 , Issue.3 , pp. 311-324
    • McKinnon, R.I.1
  • 36
    • 84925977670 scopus 로고
    • Currency Substitution and Instability in the World Dollar Standard.
    • McKinnon, Ronald I. (1982). Currency Substitution and Instability in the World Dollar Standard. American Economic Review, 72(3), 320-33.
    • (1982) American Economic Review , vol.72 , Issue.3 , pp. 320-333
    • McKinnon, R.I.1
  • 37
  • 38
    • 2342560822 scopus 로고
    • The Current Impasse in Research on Optimum Currency Areas.
    • Melitz, Jacques. (1995a). The Current Impasse in Research on Optimum Currency Areas. European Economic Review, 39, 492-500.
    • (1995) European Economic Review , vol.39 , pp. 492-500
    • Melitz, J.1
  • 39
    • 0013087808 scopus 로고
    • A Suggested Reformulation of the Theory of Optimum Currency Areas.
    • Melitz, Jacques. (1995b). A Suggested Reformulation of the Theory of Optimum Currency Areas. Open Economies Review, 6(3), 281-98.
    • (1995) Open Economies Review , vol.6 , Issue.3 , pp. 281-298
    • Melitz, J.1
  • 40
    • 0010778910 scopus 로고
    • Other People's Money: Cash-in-Advance Microfoundations for Optimal Currency Areas.
    • Minford, Patrick. (1995). Other People's Money: Cash-in-Advance Microfoundations for Optimal Currency Areas. Journal of International Money and Finance, 14(3), 427-40.
    • (1995) Journal of International Money and Finance , vol.14 , Issue.3 , pp. 427-440
    • Minford, P.1
  • 41
    • 0003342397 scopus 로고    scopus 로고
    • Updating the Agenda for Monetary Union
    • Mario Blejer et al. (Eds)., Washington D.C.:International Monetary Fund.
    • Mundell, Robert A. (1997). Updating the Agenda for Monetary Union. In Mario Blejer et al. (Eds). Optimum Currency Areas (pp. 29-48). Washington D.C.:International Monetary Fund.
    • (1997) Optimum Currency Areas , pp. 29-48
    • Mundell, R.A.1
  • 42
    • 0001260761 scopus 로고
    • A Theory of Optimum Currency Areas.
    • Mundell, Robert A. (1961). A Theory of Optimum Currency Areas. American Economic Review, 51, 657-65.
    • (1961) American Economic Review , vol.51 , pp. 657-665
    • Mundell, R.A.1
  • 43
    • 0000547554 scopus 로고
    • Exchange Rates and Prices: An Empirical Analysis.
    • Papell, David. (1994). Exchange Rates and Prices: An Empirical Analysis. International Economic Review, 35(2), 397-410.
    • (1994) International Economic Review , vol.35 , Issue.2 , pp. 397-410
    • Papell, D.1
  • 46
    • 0000928727 scopus 로고
    • The Theory of Monetary Integration.
    • Tavlas, George S. (1994). The Theory of Monetary Integration. Open Economies Review, 5(2), 211-30.
    • (1994) Open Economies Review , vol.5 , Issue.2 , pp. 211-230
    • Tavlas, G.S.1
  • 47
    • 0000018005 scopus 로고
    • The New Theory of Optimum Currency Areas.
    • Tavlas, George S. (1993). The New Theory of Optimum Currency Areas. The World Economy, 16(6), 663-85.
    • (1993) The World Economy , vol.16 , Issue.6 , pp. 663-685
    • Tavlas, G.S.1
  • 48
    • 0000822315 scopus 로고    scopus 로고
    • Fixed Versus Flexible Exchange Rates: Which Provides More Fiscal Discipline?
    • Tornell, Aaron, and Andres Valasco. (2000). Fixed Versus Flexible Exchange Rates: Which Provides More Fiscal Discipline? Journal of Monetary Economics, 45, 399-436.
    • (2000) Journal of Monetary Economics , vol.45 , pp. 399-436
    • Tornell, A.1    Valasco, A.2
  • 49
    • 0041101510 scopus 로고
    • (Special Papers in International Economics No. 11). International Finance Section, Department of Economics, Princeton University.
    • Tower, Edward, and Thomas D. Willett. (1976). The Theory of Optimum Currency Areas and Exchange Rate Flexibility. (Special Papers in International Economics No. 11). International Finance Section, Department of Economics, Princeton University.
    • (1976) The Theory of Optimum Currency Areas and Exchange Rate Flexibility
    • Tower, E.1    Willett, T.D.2
  • 50
    • 51649170939 scopus 로고
    • Real Exchange-Rate Changes in the European Community: The Empirical Evidence and Its Implications for European Currency Unification
    • Vaubel, Roland. (1976). Real Exchange-Rate Changes in the European Community: The Empirical Evidence and Its Implications for European Currency Unification, Weltwirtschaftliches Archiv, 112(3), 429-70.
    • (1976) Weltwirtschaftliches Archiv , vol.112 , Issue.3 , pp. 429-470
    • Vaubel, R.1
  • 51
    • 38249000019 scopus 로고
    • Growth and Income Distribution Benefits of North American Monetary Union for Mexico.
    • Von Furstenberg, George and David Tevlis. (1993). Growth and Income Distribution Benefits of North American Monetary Union for Mexico. North American Journal of Economics and Finance, 4(1), 127-43.
    • (1993) North American Journal of Economics and Finance , vol.4 , Issue.1 , pp. 127-143
    • Von Furstenberg, G.1    Tevlis, D.2
  • 52
    • 4243475484 scopus 로고    scopus 로고
    • The Choice of Exchange Rate Regimes
    • (Ms. ZEI). University of Bonn.
    • Von Hagen, Jürgen, and Jizhong Zhou. (2001). The Choice of Exchange Rate Regimes. (Ms. ZEI). University of Bonn.
    • (2001)
    • Von Hagen, J.1    Zhou, J.2
  • 53
    • 84919537504 scopus 로고    scopus 로고
    • (YrjöJahnsson European Integration Lectures No. 9). Helsinki: Gothenburg University Working Paper.
    • Wihlborg, Clas. 1996. Searching for the Gains from a Monetary Union. (YrjöJahnsson European Integration Lectures No. 9). Helsinki: Gothenburg University Working Paper.
    • (1996) Searching for the Gains from a Monetary Union
    • Wihlborg, C.1
  • 54
    • 67549123183 scopus 로고
    • Optimal Currency Areas Revisited
    • Clas Wihlborg, Michele Fratianni, and Thomas D. Willett (Eds.), Amsterdam: North Holland.
    • Wihlborg, Clas, and Thomas D. Willett. (1991). Optimal Currency Areas Revisited. In Clas Wihlborg, Michele Fratianni, and Thomas D. Willett (Eds.), Financial Regulation and Monetary Arrangements After 1992 (pp. 279-97). Amsterdam: North Holland.
    • (1991) Financial Regulation and Monetary Arrangements After , pp. 279-297
    • Wihlborg, C.1    Willett, T.D.2
  • 55
    • 84898308960 scopus 로고    scopus 로고
    • Fear of Floating Need Not Imply Fixed Exchange Rates
    • Prepared for the Fordham Conference on Euro and Dollarization, Centers for Economic and Policy Research.
    • Willett, Thomas D. (2002). Fear of Floating Need Not Imply Fixed Exchange Rates. Prepared for the Fordham Conference on Euro and Dollarization, Centers for Economic and Policy Research.
    • (2002)
    • Willett, T.D.1
  • 56
    • 0013130534 scopus 로고    scopus 로고
    • Truth in Advertising and the Great Dollarization Scam.
    • Willett, Thomas D. (2001). Truth in Advertising and the Great Dollarization Scam. Journal of Policy Modeling, 23(3), 279-89.
    • (2001) Journal of Policy Modeling , vol.23 , Issue.3 , pp. 279-289
    • Willett, T.D.1
  • 57
    • 0038338179 scopus 로고    scopus 로고
    • International Financial Markets as Sources of Crisis or Discipline: The Too Much, Too Late Hypothesis.
    • Willett, Thomas D. (2000). International Financial Markets as Sources of Crisis or Discipline: The Too Much, Too Late Hypothesis. Princeton Essays in International FinanceNo. 218.
    • (2000) Princeton Essays in International FinanceNo. , pp. 218
    • Willett, T.D.1
  • 58
    • 0032414643 scopus 로고    scopus 로고
    • Credibility and Discipline Effects of Exchange Rates as Nominal Anchors: The Need to Distiguish Temporary from Permanent Pegs.
    • Willett, Thomas D. (1998). Credibility and Discipline Effects of Exchange Rates as Nominal Anchors: The Need to Distiguish Temporary from Permanent Pegs. World Economy, 21(6), 803-26.
    • (1998) World Economy , vol.21 , Issue.6 , pp. 803-826
    • Willett, T.D.1
  • 59
    • 33750187061 scopus 로고    scopus 로고
    • Exchange Rates as nominal Anchors: An Overview of the Issues
    • Richard J. Sweeney, Clas G. Wihlborg, and Thomas D. Willett (Eds.), Boulder, Colo.: Westview Press.
    • Willett, Thomas D., and Jilleen R. Westbrook. (1999). Exchange Rates as nominal Anchors: An Overview of the Issues. In Richard J. Sweeney, Clas G. Wihlborg, and Thomas D. Willett (Eds.), Exchange-Rate Policies for Emerging Market Economies (pp. 83-112). Boulder, Colo.: Westview Press.
    • (1999) Exchange-Rate Policies for Emerging Market Economies , pp. 83-112
    • Willett, T.D.1    Westbrook, J.R.2
  • 60
    • 0002511395 scopus 로고    scopus 로고
    • The Relevance of the Optimum Currency Area Approach for Exchange Rate Policies in Emerging Market Economies
    • Richard J. Sweeney, Clas G. Wihlborg, and Thomas D. Willett (Eds.)., Boulder, Colo.: Westview Press.
    • Willett, Thomas D., and Clas G. Wihlborg. (1999). The Relevance of the Optimum Currency Area Approach for Exchange Rate Policies in Emerging Market Economies. In Richard J. Sweeney, Clas G. Wihlborg, and Thomas D. Willett (Eds.). Exchange-Rate Policies for Emerging Market Economies (pp. 61-79). Boulder, Colo.: Westview Press.
    • (1999) Exchange-Rate Policies for Emerging Market Economies , pp. 61-79
    • Willett, T.D.1    Wihlborg, C.G.2
  • 61
    • 85085457162 scopus 로고
    • Some Often Neglected Aspects of the Political Economy of European Monetary Integration
    • B. Abeyaz et al. (Eds.), Boulder, Colo.: Westview Press.
    • Willett, Thomas D. (1994). Some Often Neglected Aspects of the Political Economy of European Monetary Integration. In B. Abeyaz et al. (Eds.), The Challenge of European Integration (pp. 205-18). Boulder, Colo.: Westview Press.
    • (1994) The Challenge of European Integration , pp. 205-218
    • Willett, T.D.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.