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Paul R. Masson
Pág. 11 - 32
La recente crisi dell?eurozona, insieme all?annunciata riforma del Il susseguirsi di crisi nella zona euro rende forse necessaria una riconsiderazione dei progetti di unione monetaria in Africa. Questo lavoro sostiene che l?esperienza dell?Unione europea...
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louis Sevitenyi Nkwatoh,Yahya Zakari Abdullahi,Chika Usman Aliyu
Pág. 50 - 59
The Economic Community of West African States (ECOWAS) is committed to forming a broader monetary union by 2020. The approach of forming the union is a replica of the European-type monetary union, which is predicated on the optimum currency area (OA...
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Memet Agustiar,Fariastuti Djafar,Afrizal Afrizal
Pág. 51 - 56
This paper constructs an Optimum Currency Area (OCA) Index by using the gold price as a nominal anchor and substitute for the US Dollar. The use of gold Dinar is in line with the spirit for implementing Sunnah money (gold Dinar). The method used for esti...
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Kentaro Kawasaki and Zhi-Qian Wang
This paper tries to investigate whether there exist international integrated markets among East Asian economies, by employing the Generalized Purchasing Power Parity (G-PPP) model, then, it would help to suggest whether the East Asian region is the Optim...
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Reza Moosavi Mohseni,M. Azali
Pág. 277 - 285
In this paper at first we investigate the viability of creating an optimum currency area (OCA) in the East Asia. The results of a ten-variable VAR model show that forming an OCA for all of the countries in the region is costly and difficult to sustain. B...
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Ansgar Belke and Florian Verheyen
In this paper we describe the genesis of a doomsday scenario and discuss potential causes and motivations for a breakup of the euro area. For this purpose, we differentiate between the departure of weak and strong countries, and examine the impact of the...
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Feryel Ouerghi
Pág. 949 - 963
In this paper, we try to explain how exchange politics help emerging economies to escape global financial crisis. We conduct a comparative analysis between two periods: financial crises period of the 1990?s and global financial crisis of 2007-2008. We at...
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Andreea Bucur
Although the increasing heterogeneity as an effect of European Union enlargement, referring especially to the last two waves, is perceived as a single internal market and also euro single currency risk, European Monetary Union represents an important ste...
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Constantinos ALEXIOU,Joseph Nellis
Pág. 296 - 303
In this paper we provide a brief discourse on the theory of optimum currency areas to serve as a basis for constructive criticism of the conceptual framework of the eurozone. With particular reference to the Greek economic crisis, we argue that the very ...
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