'Asymmetric shocks' presentation slideshows

European Economic and Monetary Integration EXAM DATE

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Economics of Monetary Union 10e

Paul De Grauwe. Economics of Monetary Union 10e. Introduction. 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: Monetary Union

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Lecture 10

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The Challenge of Enlargement of Euroland

The Challenge of Enlargement of Euroland. Paul De Grauwe University of Leuven. The launch of the euro has been an extraordinarily successful operation Yet there are challenges ahead The main challenge comes from the enlargement. Several issues Is a Eurozone of 25 countries an OCA?

434 views • 35 slides

2. The Euro Zone as an Optimum Currency Area

2. The Euro Zone as an Optimum Currency Area. Costs and Benefits of a Monetary Union. OCA Theory: Definition and Evolution. Pioneered by Mundell (1961), McKinnon (1963) and Kenen (1969) First stream (60s-70s) focussed on the cost side of the cost-benefit analysis of a monetary union (MU)

545 views • 34 slides

A COMMON CURRENCY FOR NORTH AMERICA

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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

336 views • 21 slides