A theory of monetary union and financial integration

DOI10.1093/RESTUD/RDAB057MaRDI QIDQ5090056zbMATH OpenOpenAlexFDO

Authors Luca Fornaro

Publication date 15 July 2022

Published in Review of Economic Studies (Search for Journal in Brave)

Copyright license Creative Commons Attribution 4.0 International

Full work available at URL https://doi.org/10.1093/restud/rdab057

zbMATH Keywords

capital flightseuro areaexchange ratesexternal constraintfiscal unionsinternational financial integrationmonetary unionsoptimal currency area

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Financial networks (including contagion, systemic risk, regulation) (91G45)

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Cited in

(13)

• Monetary union and the interest-exchange rate trade-off
• Bargaining a monetary union
• Bank cooperation and banking policy in a monetary union: A political-economy perspective on EMU
• Monetary union, trade integration, and business cycles in 19th century Europe
• Policy mixes in a monetary union
• Why join a currency union? A note on the impact of beliefs on the choice of monetary policy
• INTERNATIONAL RESERVES CRISES, MONETARY INTEGRATION, AND THE PAYMENTS SYSTEM DURING THE INTERNATIONAL GOLD STANDARD
• The monetary approach to the balance of payments and the IMF model of financial programming
• Currency union with or without banking union
• When a montary union fails: A parable
• Fiscal unions redux
• Mussa puzzle redux
• Dollarization and financial integration

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