'Symmetric shocks' diaporamas de présentation

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European Economic and Monetary Integration EXAM DATE

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Lectures 22 - 23

Lectures 22 - 23. Fixed versus Floating Exchange rates: International Experience. Introduction. Why do some countries choose to fix and others to float? Why do they change their minds at different times?

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Chapter 9: Monetary Policy in the Eurozone

Chapter 9: Monetary Policy in the Eurozone. De Grauwe: Economics of Monetary Union. Monetary policy when asymmetric shocks occur. In an optimum currency area few asymmetric shocks occur ECB has a relatively easy time to stabilize shocks

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The theory of Optimal Currency Areas

The theory of Optimal Currency Areas. The question of a single currency in a large area. Should currency area borders coincide with national borders? is it a good idea for California to be on the US dollar?. The Economic Answer: Optimum Currency Areas.

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The Euro

21. The Euro. Prepared by: Fernando Quijano Dickinson State University. In 1961 the economist Robert Mundell wrote a paper discussing the idea of a currency area, also known as a currency union or monetary union, in which nations replace their national monies with a common currency.

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Stefaan IDE NBB, research department

EMU workshop: Prospects & Challenges. Rethymno, August 2003. Stefaan IDE NBB, research department The views expressed in this paper are those of the authors and do not necessarily reflect the views of the National Bank of Belgium. Scope of asymmetries in the euro area.

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Outline of the course

Outline of the course. Part I: The theory of optimal currency areas (OCA) The costs of a monetary union The benefits of a monetary union Costs and benefits compared. Part II: How do existing monetary unions work: the Eurozone The European Central Bank: institutional features

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Discussion by Leo de Haan

Asymmetric labor market institutions in the EMU and the volatility of inflation and unemployment differentials By Mirko Abbritti and Andreas Mueller. Discussion by Leo de Haan DNB/IMF workshop on preventing and correcting macroeconomic imbalances in the euro area Amsterdam 13-14 October 2011.

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