000233213 001__ 233213 000233213 005__ 20210819134004.0 000233213 0247_ $$2doi$$a10.22004/ag.econ.233213 000233213 037__ $$a1554-2016-132533 000233213 041__ $$aeng 000233213 084__ $$aF33 000233213 084__ $$aF36 000233213 245__ $$aOne Money or Many? On Analyzing the Prospects for Monetary Unification in Various Parts of the World 000233213 260__ $$c1993-11 000233213 269__ $$a1993-11 000233213 300__ $$a51 000233213 336__ $$aWorking or Discussion Paper 000233213 490__ $$aWorking Paper 000233213 490__ $$aC93-030 000233213 520__ $$aThe literature on optimal currency areas identifies the symmetry of disturbances and the speed with which economies adjust as key criteria affecting the decision of whether to form a monetary union. This paper uses structural vector autoregression techniques to examine these issues for three regions: Western Europe, the Americas, and East Asia. The results suggest three country groupings that best satisfy these criteria: Northern Europe (Germany, France, the Netherlands, Belgium, Denmark, Austria, and possibly Switzerland); Northeast Asia (Japan, Taiwan, and Korea); and Southeast Asia (Hong Kong, Singapore, Malaysia, Indonesia, and possibly Thailand). 000233213 546__ $$aEnglish 000233213 650__ $$aFinancial Economics 000233213 6531_ $$amonetary unification 000233213 6531_ $$aexchange rates 000233213 700__ $$aBayoumi, Tamim 000233213 700__ $$aEichengreen, Barry 000233213 8564_ $$982555261-28e2-4229-b922-23bbd8000bfb$$s10396226$$uhttps://ageconsearch.umn.edu/record/233213/files/cal-cider-c093-030.pdf 000233213 887__ $$ahttp://purl.umn.edu/233213 000233213 909CO $$ooai:ageconsearch.umn.edu:233213$$pGLOBAL_SET 000233213 912__ $$nSubmitted by Deanna Kanne (kanne053@umn.edu) on 2016-03-23T16:10:56Z No. of bitstreams: 1 cal-cider-c093-030.pdf: 10396226 bytes, checksum: 88d381540116d31bb53a2bf34cee34e4 (MD5) 000233213 912__ $$nMade available in DSpace on 2016-03-23T16:10:56Z (GMT). No. of bitstreams: 1 cal-cider-c093-030.pdf: 10396226 bytes, checksum: 88d381540116d31bb53a2bf34cee34e4 (MD5) Previous issue date: 1993-11 000233213 913__ $$aLicense granted by Deanna Kanne (kanne053@umn.edu) on 2016-03-23T16:08:46Z (GMT): <p class="ds-paragraph"> By depositing this Content ("Content") in AgEcon Search, I agree that I am solely responsible for any consequences of uploading this Content to AgEcon Search and making it publicly available, and I represent and warrant that: I am either the sole creator and the owner of the copyrights and all other rights in the Content; or, without obtaining another’s permission, I have the right to deposit the Content in an archive such as AgEcon Search. To the extent that any portions of the Content are not my own creation, they are used with the copyright holder’s express permission or as permitted by law. Additionally, the Content does not infringe the copyrights or other intellectual property rights of another, nor does the Content violate any laws or another’s rights of privacy or publicity. The Content contains no restricted, private, confidential, or otherwise protected data or information that should not be publicly shared. I understand that AgEcon Search will do its best to provide perpetual access to my Content. In order to support these efforts, I grant the Regents of the University of Minnesota ("University"), through AgEcon Search, the following non-exclusive, irrevocable, royalty-free, world-wide rights and licenses: to access, reproduce, distribute and publicly display the Content, in whole or in part, in order to secure, preserve and make it publicly available, and to make derivative works based upon the Content in order to migrate the Content to other media or formats, or to preserve its public access. These terms do not transfer ownership of the copyright(s) in the Content. These terms only grant to the University the limited license outlined above. </p> 000233213 980__ $$a1554 000233213 982__ $$gUniversity of California, Berkeley>Department of Economics>Center for International and Development Economics Research (CIDER) Working Papers