The Resource Currency bloc formation as a dynamic process based on trade network externalities, prepared by Etienne B. Yehoue

Currency bloc formation as a dynamic process based on trade network externalities, prepared by Etienne B. Yehoue

Label
Currency bloc formation as a dynamic process based on trade network externalities
Title
Currency bloc formation as a dynamic process based on trade network externalities
Statement of responsibility
prepared by Etienne B. Yehoue
Creator
Contributor
Author
Issuing body
Subject
Language
eng
Summary
The recent experience of the European Economic and Monetary Union (EMU) has stimulated the debate over currency union and reinforced the incentive for the emergence of currency blocs in other regions of the world. This paper builds a dynamic stochastic model-based on network externalities operating through trade channels-to explain the emergence of currency blocs, and specifically, why some countries join a currency union earlier than others. The paper develops and formalizes the intuition that currency bloc formation is path dependent, and that countries join currency blocs sooner the more they trade with the bloc member countries, with each additional member serving in a dynamic way to attract more members into the bloc. Evidence from the current pattern of EMU expansion supports the model, which is later used to elaborate on the pattern of further expansion of the union
Member of
Action
digitized
Cataloging source
OCLCE
Dewey number
332.4566094
Index
no index present
LC call number
HG3881.5.I58
LC item number
W67 no.04/222
Literary form
non fiction
Nature of contents
dictionaries
Series statement
IMF working paper
Series volume
WP04/222
Label
Currency bloc formation as a dynamic process based on trade network externalities, prepared by Etienne B. Yehoue
Publication
Note
  • "November 2004."
  • At head of title: IMF Institute
Antecedent source
file reproduced from original
http://library.link/vocab/branchCode
  • net
Carrier category
online resource
Carrier category code
cr
Carrier MARC source
rdacarrier
Color
black and white
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Control code
ocn646949174
Dimensions
unknown
Extent
1 online resource (35 pages)
File format
one file format
Form of item
online
Isbn
9781283274197
Media category
computer
Media MARC source
rdamedia
Media type code
c
http://library.link/vocab/recordID
.b37161933
Reproduction note
Electronic reproduction.
Specific material designation
remote
System control number
  • (OCoLC)646949174
  • imf1283274191
System details
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.

Library Locations

    • Deakin University Library - Geelong Waurn Ponds CampusBorrow it
      75 Pigdons Road, Waurn Ponds, Victoria, 3216, AU
      -38.195656 144.304955
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