Capital Market Imperfections and the Theory of Optimum Currency Areas
收藏NBER2008-06-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w14088
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资源简介：
This paper studies how capital market imperfections affect the welfare effects of forming a currency union. The analysis considers a bank-only world where intermediaries compete in Cournot fashion and monitoring and state verification are costly. The first part determines the credit market
提供机构：
美国国家经济研究局
创建时间：
2008-06-01
