Issues relating to optimal currency areas: theory and implications for New Zealand

David J. Hargreaves · Christopher J. McDermott

40 citations0/0 files storedRePEc: Research Papers in Economics

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Global Financial Crisis and Policies Monetary Policy and Economic Impact European Monetary and Fiscal Policies

Abstract

Our aim in this article is to facilitate informed economic debate by identifying the main economic costs and benefits of New Zealand joining a currency area or union.

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References

1980Domestic Saving and International Capital Flows 1998The Endogenity of the Optimum Currency Area Criteria 1995How Wide is the Border?1993Lessons of Massachusetts for EMU 1979Domestic Savings and International Capital Flows 1992Shocking Aspects of European Monetary Unification 1996Intra-National versus International Trade: How Stubborn are Nations in Global Integration?1993Fixing Exchange Rates: A Virtual Quest for Fundamentals

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2005Pacific Regional Order 2002Exchange Rate Policy in Chile: From the Band to Floating and Beyond 2005Regional and industry cycles in Australasia: Implications for a common currency 2003Are Monetary Unions Inevitable?2000Can hedging insulate firms from exchange rate risk 2000How New Zealand adjusts to macroeconomic shocks: implications for joining a currency area

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