Slide 1Output, the Interest Rate, and the Exchange Rate Slide 2 An extension of the open economy IS- LM model - the Mundell-Fleming model. The main questions we try to solve…

Slide 1Theory of Optimum Currency Areas The theory of optimum currency areas argues that the optimal area for a system of fixed exchange rates, or a common currency, is one…

Slide 1Robert Mundell The Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel 1999 “ for his analysis of monetary and fiscal policy under different exchange…

n Chapter 19, we treated the exchange rate as one of the policy instruments available to the government. But the exchange rate is not a policy instrument. Rather, it is determined…

SOBRE LA CREACION DE AREAS MONETARIAS OPTIMAS. EL APORTE DE ROBERT MUNDELL . de Ana M. Martirena-Mantel (Instituto T. Di Tella y CONICET) I—INTRODUCCION. El trabajo propone…

Slide 1© The McGraw-Hill Companies, 2012 Chapter 15: Optimum currency areas The European countries could agree on a common piece of paper,... they could then set up a European…

Slide 1 The debt crisis in the peripheral countries of the Euro area Alain Henriot Delegate Director, Coe-Rexecode, Paris AIECE Medium Term Group Essen, 6th May 2011 Slide…

Slide 1 J. K. Dietrich - FBE 524 - Fall, 2005 Monetary Policy: Deliberation and Implementation Week 12 – November 9, 2005 Slide 2 J. K. Dietrich - FBE 524 - Fall, 2005…

Slide 1 Optimum Currency Areas Slide 2 Theory of Optimum Currency Areas The theory of optimum currency areas argues that the optimal area for a system of fixed exchange rates,…

Robert Mundell The Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel 1999 âfor his analysis of monetary and fiscal policy under different exchange rate…