Essays about: "Optimal Currency Area"

Showing result 1 - 5 of 11 essays containing the words Optimal Currency Area.

1. 1. Forecasting, Monetary Policy, Nominal Gross Domestic Product Stability, and Macroeconomic Outcomes in a suboptimal currency area. : An examination of the Eurozone

   University essay from Jönköping University/Internationella Handelshögskolan

   Author : Layton Nyanzi Mukwaya; Jordi Garcia Martinez; [2023]
   Keywords : Macroeconomics Nominal GDP;

   Abstract : The purpose of this paper is the examination of whether a strategy of using forecasts to stabilise the Nominal Gross Domestic Product (NGDP) growth rate as a nominal anchor, through a rules-based approach to monetary policy is viable in the Eurozone. The paper uses a modified Taylor rule, that uses NGDP forecasts as a variable to generate a prescribed interest rate from which the interest rate set by the European Central Bank (ECB) is subtracted to create a variable we call the Rate Gap. READ MORE

3. 2. Is the Eurozone an Optimal Currency Area? An investigation from a financial market´s perspective

   University essay from Lunds universitet/Nationalekonomiska institutionen

   Author : Niclas Stafsing; Carl Sandström; [2020]
   Keywords : Optimal Currency Area; Eurozone; Event study; Equity indices; 10-year government bond yield; Business and Economics;

   Abstract : The purpose of this study is to examine if the Eurozone is an Optimal Currency Area (OCA) or not. To do this we have examined if the European Central Banks monetary policy announcements have a significant impact on the equity markets and on the 10-year government bond yields in the Eurozone. READ MORE

4. 3. A CURRENCY UNION’S EFFECT ON INTERNATIONAL TRADE - EMU membership effect on international trade for Slovenia, Cyprus, Malta and Slovakia

   University essay from Göteborgs universitet/Institutionen för nationalekonomi med statistik

   Author : John Elveljung; Stina Oad; [2019-02-15]
   Keywords : Common currency areas; Currency union; Optimal Currency Area; EMU; EU; Export; Gravity Model; International rate;

   Abstract : This thesis investigates if there is an increase in international trade from joining a currency union. This is done by looking at the European Monetary Union with a focus on four countries that became members in 2007-2009: Slovenia, Cyprus, Malta and Slovakia. READ MORE

5. 4. Wavelet Analysis of Business Cycle Synchronization in Europe

   University essay from Lunds universitet/Nationalekonomiska institutionen

   Author : Glenn Nielsen; [2018]
   Keywords : wavelet analysis; business cycle synchronization; principal component analysis; Euro area; optimum currency area; Business and Economics;

   Abstract : Business cycle synchronization is an essential criterion for creating and maintaining an optimal currency area. In this paper, it is investigated whether this required criterion holds for the Euro area at different time horizons (short run, medium run and long run), and if the financial crisis of 2007-2008 influenced the degree of synchronization in Europe. READ MORE

6. 5. Business Cycle Synchronisation in the Euro Area: a Sectoral and National Study

   University essay from Handelshögskolan i Stockholm/Institutionen för nationalekonomi

   Author : Erik Keanius; Oscar Krumlinde; [2018]
   Keywords : business cycles; currency area; euro area; financial crisis; synchronisation;

   Abstract : This thesis examines how business cycle synchronisation within the euro area changes after the onset of the 2007/2008 financial crisis, looking both at the sectoral and the national level. Three measures are used to study the change in synchronisation: correlation, relative volatility, and elasticity. READ MORE