53 research outputs found
Reflections on the Optimal Currency Area (oca) Criteria in the Light of EMU
The objective of this paper is first to review the use that has been made of Optimal Currency Area (OCA) theory in the European Monetary Union (EMU) context. Second, to look at some of its predictions in that respect. And third, to appraise some of the new theories - or speculations - that have arisen, partly as a result of the confrontation of the theory with the data. This is an area in which politics are very important; they play an important role in the reception and interpretation of positive work. Tentative ideas and speculative hypotheses acquire the aura of accomplished fact, whilst a single empirical illustration can be given the status of a many-times confirmed demonstration. This paper tries to be more careful in these remarks. Whilst history offers some instructive lessons, as illustrated for example in the work of Bordo and Jonung (1999), the fact is that in most relevant respects EMU represents an unparalleled experiment, with corresponding difficulties for empirical work.
Mathematical modeling of the effects of nutrient competition and bile acid metabolism by the gut microbiota on colonization resistance against Clostridium difficile
Why do forecasts differ
SIGLELD:6397.95(17) / BLDSC - British Library Document Supply CentreGBUnited Kingdo
The linkage of interest rates within the EMU
This paper is produced as part of a research project on 'Asset Market, Structural Convergence and European Monetary Policy' administred by the CEPR and supported by the Leverhulme Trust (no. F/558/C). Financial support by the Foreign and Commonwealth OfficeConsiglio Nazionale delle Ricerche - Biblioteca Centrale -. P.le Aldo Moro, 7, Rome / CNR - Consiglio Nazionale delle RichercheSIGLEITItal
Business cycles, exchange rate regimes and the ERM: is there a European business cycle?
Biblioteca Centrale CNR / CNR - Consiglio Nazionale delle RichercheSIGLEITItal
Stage two Feasible transitions to EMU
SIGLEAvailable from British Library Document Supply Centre- DSC:3597.9512(CEPR-DP--928) / BLDSC - British Library Document Supply CentreGBUnited Kingdo
Counter-inflationary policy in the framework of EMS
SIGLEAvailable from British Library Document Supply Centre- DSC:3597.9512(CEPR-DP--649) / BLDSC - British Library Document Supply CentreGBUnited Kingdo
Monetary policy in Stage Two of EMU What can we learn from the 1980s?
3.00Available from British Library Document Supply Centre- DSC:3597.9512(CEPR-DP--629) / BLDSC - British Library Document Supply CentreSIGLEGBUnited Kingdo
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