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Transaction Costs and Welfare Effects of Currency Unions
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Ryou, Jaiwon | - |
dc.date.accessioned | 2009-01-28T05:25:07Z | - |
dc.date.available | 2009-01-28T05:25:07Z | - |
dc.date.issued | 2002-10 | - |
dc.identifier.citation | Seoul Journal of Economics, Vol.15 No.4, pp. 529-554 | - |
dc.identifier.issn | 1225-0279 | - |
dc.identifier.uri | https://hdl.handle.net/10371/1276 | - |
dc.description.abstract | This paper analyzes the economic integration effects of forming a regional currency bloc by focusing on the efficiency gains that come from using a common currency. Particularly, this paper analyzes welfare effects of a currency union using the new open economy macroeconomics framework. A common currency boosts intra-regional trade, but decreases inter-regional trade. Accordingly, a currency block increases output and income of participating countries, but decreases those of non-member countries. In this context, regional monetary integration in East Asia will make East Asian countries in the currency union better off at the expense of non-participating countries. | - |
dc.language.iso | en | - |
dc.publisher | Institute of Economic Research, Seoul National University | - |
dc.subject | Currency union | - |
dc.subject | Transaction Costs | - |
dc.subject | East asian monetary integration | - |
dc.title | Transaction Costs and Welfare Effects of Currency Unions | - |
dc.type | SNU Journal | - |
dc.contributor.AlternativeAuthor | 류재원 | - |
dc.citation.journaltitle | Seoul Journal of Economics | - |
dc.citation.endpage | 554 | - |
dc.citation.number | 4 | - |
dc.citation.pages | 529-554 | - |
dc.citation.startpage | 529 | - |
dc.citation.volume | 15 | - |
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