Optimal Currency Areas
Optimal Currency Areas
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最佳货币区
DOI：
--
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发表时间：
2002
影响因子：
7.7
通讯作者：
Silvana Tenreyro
中科院分区：
文献类型：
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作者：
Alberto F. Alesina;R. Barro;Silvana Tenreyro
随着独立国家数量的增加以及它们的经济变得更加一体化，我们预计会看到更多的多国货币联盟。本文探讨了不同国家采用美元、欧元或日元作为锚定货币的利弊。尽管欧元和美元似乎有相当明确的区域，但似乎没有日元区域。我们还讨论了贸易和产出及价格变动将如何对货币联盟的形成作出反应的问题。这种反应很重要，因为一个国家加入工会的决定将取决于该工会对贸易和运动的影响。
As the number of independent countries increases and their economies become more integrated, we would expect to observe more multicountry currency unions. This paper explores the pros and cons for different countries to adopt as an anchor the dollar, the euro, or the yen. Although there appear to be reasonably well-defined euro and dollar areas, there does not seem to be a yen area. We also address the question of how trade and comovements of outputs and prices would respond to the formation of a currency union. This response is important because the decision of a country to join a union would depend on how the union affects trade and comovements.