1 paskaita. Bendros valiutos kaðtai


1.1 Paklausos pokyèiai (pradinë Mundell’o teorija)
1.2 Pinigø sàjunga ir apsidraudimas nuo asimetriniø ðokø
   1.2.1 Vieðosios draudimo sistemos
   1.2.2 Privaèios draudimo schemos
1.3 Skirtingos ðaliø pirmenybës infliacijai ir nedarbui
1.4 Darbo rinkos institucijø skirtumai
1.5 Teisiniø sistemø skirtumai
1.6 Skirtingi augimo tempai
1.7 Skirtingos fiskalinës sistemos ir senjoraþo problema

PowerPoint skaidrës (80) (339KB)

Papildoma literatûra

  1. Mundell, R. (1961) “A Theory of Optimal Currency Areas,” American Economic Review, 51.
  2. McKinnon, R. (1963) “Optimum Currency Areas,” American Economic Review, 53: 717-25.
  3. Kenen, R. (1969) “The Theory of Optimum Currency Areas: An Eclectic View,” in R. Mundell and A. Swoboda (eds) (1969) Monetary Problems of the International Economy, Chicago: University of Chicago Press.
  4. lshiyama, Y. (1975) “The theory of optimum currency areas: A survey,” IMF Staff Papers, 22:344-83.
  5. Tower, E., and Willett, T. (1976) “The Theory of Optimum Currency Areas and Exchange Rate Flexibility,” Special Papers in International Finance, no.11, Princeton, NJ: Princeton University.
  6. Mongelli, F. (2002) ““New" views on the optimum currency area theory: What is EMU telling us?,” ECB Working Paper Series, no. 138, April.
  7. De Grauwe, P. (1983) Macroeconomic Theory for the Open Economy, Aldershot: Gower.
  8. Ingram, J. (1959) “State and Regional Payments Mechanisms,” Quarterly Journal of Economics, 73: 619-32.
  9. Corden, M. (1972) “Monetary Integration,” Essays in International Finance, no. 93, Princeton.
  10. Giersch, H. (1973) “On the Desirable Degree of Flexibility of Exchange Rates,” Weltwirtschaftliches Archiv, 109: 191-213.
  11. De Grauwe, P. (1975) “Conditions for Monetary Integration: A Geometric Interpretation,” Weltwirtschaftliches Archiv, 111: 634-46.
  12. Friedman, M. (1968) “The Role of Monetary Policy,” American Economic Review, 58: 1-17.
  13. Phelps, E. (1968) “Money-Wage Dynamics and Labour Market Equilibrium,” Journal of Political Economy, 76: 678-711.
  14. Bruno, M., and Sachs, J. (1985) Economics of Worldwide Stagflation, Oxford: Basil Blackwell.
  15. Calmfors, L., and Driffill, J. (1988) “Bargaining Structure, Corporatism and Macroeconomic Performance,” Economic Policy, 6: 13-61.
  16. De Grauwe, P. (1990) ”The Cost of Disinflation and the European Monetary System,” Open Economies Review, 1:147-73.
  17. Dornbusch, R. Favero, C., and Giavazzi, F. (1998) “Immediate Challenges for the European Central Bank,” Economic Policy, 26 (April).
  18. Cecchetti, S. G. (1999) “Legal Structure, Financial Structure and Monetary Policy Transmission Mechanism,” mimeo, Federal Reserve Bank of New York.
  19. Maclennan, D., Muellbauer,J., and Stephens, M. (1999) “Asymmetries in Housing and Financial Market Institutions and EMU,” CEPR Discussion Paper, no.2062.
  20. Peersman, G., and Smets, F. (2001) “The monetary transmission mechanism in the euro area: more evidence from VAR analysis,” mimeo, Frankfurt: ECB.
  21. Mojon, B. (2000) “Financial structure and the interest rate channel of ECB monetary policy,” ECB Working Paper, no. 40.
  22. Stiglitz, J., and Weiss, A. (1981) “Credit Rationing in Markets with Imperfect Information,” American Economic Review, 71:393-410.
  23. Fischer, S. (1982) “Seigniorage and the Case for a National Money,” Journal of Political Economy, 90: 295-307.
  24. Grilli, V. (1989) “Seigniorage in Europe,” in M. De Cecco and A. Giovannini (eds) (1989) A European Central Bank? Perspectives on Monetary Unification after Ten Years of the EMS, Cambridge: Cambridge University Press.
  25. Dornbusch, R. (1988) “The European Monetary System, the Dollar and the Yen,” in Giavazzi et al. (eds) (1988) The European Monetary System, Cambridge: Cambridge University Press.
  26. Gros, D. (1990) “Seigniorage and EMS Discipline,” in P. De Grauwe and L. Papademos (eds) (1990) The European Monetary System in the 1990s, London: Longman.
  27. Gros, D. and Thygesen, N. (1988) “The EMS: Achievements, Current Issues and Directions for the Future,” CEPS Paper, no. 35.
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Robert'o A. Mundell'o interneto svetainë
The works of Robert A. Mundell