| LDR | | 03731cam 2200697Ia 4500 |
| 001 | | 000000385544 |
| 005 | | 20180411151519 |
| 006 | | m o d |
| 007 | | cr ||||||||||| |
| 008 | | 121005s2012 dcu ob i000 0 eng d |
| 019 | |
▼a 822228466
▼a 883136402
▼a 961629261
▼a 962696855
▼a 965970096
▼a 988413746
▼a 991941761 |
| 020 | |
▼a 9781475512434 |
| 020 | |
▼a 1475512430 |
| 020 | |
▼z 9781475511437 |
| 020 | |
▼z 9781475512250 |
| 024 | 8 |
▼a 10.5089/9781475512434.001 |
| 029 | 1 |
▼a AU@
▼b 000050275411 |
| 029 | 1 |
▼a AU@
▼b 000053013385 |
| 029 | 1 |
▼a DEBBG
▼b BV041387289 |
| 029 | 1 |
▼a DEBBG
▼b BV043786915 |
| 029 | 1 |
▼a DEBSZ
▼b 472762974 |
| 029 | 1 |
▼a NZ1
▼b 15024986 |
| 035 | |
▼a (OCoLC)812047994
▼z (OCoLC)822228466
▼z (OCoLC)883136402
▼z (OCoLC)961629261
▼z (OCoLC)962696855
▼z (OCoLC)965970096
▼z (OCoLC)988413746
▼z (OCoLC)991941761 |
| 040 | |
▼a DJB
▼b eng
▼e pn
▼c DJB
▼d OCLCA
▼d OCLCQ
▼d E7B
▼d OCLCQ
▼d NLGGC
▼d YDXCP
▼d OCLCQ
▼d CEF
▼d U3G
▼d N$T
▼d OCLCQ
▼d AZK
▼d LOA
▼d AGLDB
▼d OCLCQ
▼d OCLCO
▼d COCUF
▼d OCLCQ
▼d OCLCO
▼d MOR
▼d CCO
▼d PIFAG
▼d OCLCQ
▼d U3W
▼d 247004 |
| 043 | |
▼a e------ |
| 050 | 4 |
▼a HG3881.5.I58
▼b W67 No. 240eb |
| 072 | 7 |
▼a BUS
▼x 027000
▼2 bisacsh |
| 082 | 04 |
▼a 332/.494
▼2 23 |
| 100 | 1 |
▼a Lama, Ruy,
▼d 1975-. |
| 245 | 10 |
▼a Deciding to enter a monetary union :
▼b the role of trade and financial linkages/
▼c prepared by Ruy Lama and Pau Rabanal. |
| 260 | |
▼a [Washington, D.C.]:
▼b International Monetary Fund,
▼c ?012. |
| 300 | |
▼a 1 online resource (52 pages). |
| 336 | |
▼a text
▼b txt
▼2 rdacontent |
| 337 | |
▼a computer
▼b c
▼2 rdamedia |
| 338 | |
▼a online resource
▼b cr
▼2 rdacarrier |
| 347 | |
▼a data file
▼2 rda |
| 490 | 1 |
▼a IMF working paper;
▼v WP/240 |
| 500 | |
▼a Title from PDF title page (IMF Web site, viewed Oct. 5, 2012). |
| 500 | |
▼a "Institute for Capacity Development." |
| 500 | |
▼a "October 2012." |
| 504 | |
▼a Includes bibliographical references. |
| 520 | |
▼a This paper evaluates the role of trade and financial linkages in the decision to enter a monetary union. We estimate a two-country DSGE model for the U.K. economy and the euro area, and use the model to compute the welfare trade-offs from joining the euro. We evaluate two alternative scenarios. In the first one, we consider a reduction of trade costs that occurs after the adoption of a common currency. In the second, we introduce interest rate spread shocks of the same magnitude as the ones observed during the recent debt crisis in Europe. The reduction of trade costs generates a net welfare gain of 0.9 percent of life-time consumption, while the increased interest rate spread volatility generates a net welfare cost of 2.9 percentage points. The welfare calculation suggests two ways to preserve the welfare gains in a monetary union: ensuring fiscal and financial stability that reduces macroeconomic country risk, and increasing wage flexibility such that the economy adjusts to external shocks faster. |
| 590 | |
▼a eBooks on EBSCOhost
▼b All EBSCO eBooks |
| 610 | 20 |
▼a Economic and Monetary Union. |
| 650 | 0 |
▼a Monetary unions
▼z Europe. |
| 650 | 0 |
▼a Monetary unions
▼z Europe
▼x Econometric models. |
| 650 | 0 |
▼a Eurozone. |
| 650 | 0 |
▼a Eurozone
▼x Econometric models. |
| 650 | 7 |
▼a BUSINESS & ECONOMICS
▼x Finance.
▼2 bisacsh |
| 655 | 4 |
▼a Electronic books. |
| 700 | 1 |
▼a Rabanal, Pau, |
| 710 | 2 |
▼a International Monetary Fund.
▼b Institute for Capacity Development. |
| 830 | 0 |
▼a IMF working paper ;
▼v WP/12/240. |
| 856 | 40 |
▼u http://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=568138 |
| 938 | |
▼a ebrary
▼b EBRY
▼n ebr10627063 |
| 938 | |
▼a EBSCOhost
▼b EBSC
▼n 568138 |
| 938 | |
▼a YBP Library Services
▼b YANK
▼n 10691503 |
| 938 | |
▼a YBP Library Services
▼b YANK
▼n 9927162 |
| 990 | |
▼a ***1012033 |
| 994 | |
▼a 92
▼b KRDHU |