Un diagnóstico de Grecia

Quah, Chee-Heong

doi:10.1016/s0185-1667(14)72605-0

“…In accordance with Quah and Crowley (2010 [10], 2012 [11]) and Quah (2012 [12-14], 2013 [15], 2014 [16][17][18], 2015 [19]) the OCA criteria investigated in this paper are trade openness, business cycle synchronization, real exchange rate variability, inflation convergence, and real interest rate symmetry. Similar metrics have been used by Artis and Zhang (2001 [20], 2002 [21]), of which the efficacy of the criteria was evidenced when Portugal, Italy, Greece, and Spain were selected as the group that possesses the least parallel OCA features against Germany.…”

Section: Optimum Currency Area Criteriamentioning

confidence: 99%

Germany versus the United States: Monetary Dominance in the Eurozone

Quah

¹

2016

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This study inspects if there is greater convergence with Germany amongst the Eurozone founding members and if their relations with the hegemonic economy have been more symmetrical after "euroization". The dimensions explored are those inspired by the optimum currency areas (OCA) framework. To some extent, the findings could signify if real convergence has been significantly endogenous. At the same time, to assess the relative dominance of Germany, the features against Germany are compared to those against US. In addition, the paper also appraises some aspects of economic performance to check whether economic conditions across the states have improved and converged after unification. In some convergence aspects, findings suggest remarkable convergence with Germany and across the states but also relative convergence with US. On economic performance, results indicate substantial improvements in inflation and unemployment. Amongst the founding states, Ireland has idiosyncratically shown serious divergences in a number of the convergence and performance measures.

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“…In accordance with Quah and Crowley (2010 [10], 2012 [11]) and Quah (2012 [12][13][14], 2013 [15], 2014 [16][17][18], 2015 [19]) the OCA criteria investigated in this paper are trade openness, business cycle synchronization, real exchange rate variability, inflation convergence, and real interest rate symmetry. Similar metrics have been used by Artis and Zhang (2001 [20], 2002 [21]), of which the efficacy of the criteria was evidenced when Portugal, Italy, Greece, and Spain were selected as the group that possesses the least parallel OCA features against Germany.…”

Section: Optimum Currency Area Criteriamentioning

confidence: 99%

Germany versus the United States: Monetary Dominance in the Eurozone

Quah

¹

2016

Economies

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0

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This study inspects if there is greater convergence with Germany amongst the Eurozone founding members and if their relations with the hegemonic economy have been more symmetrical after "euroization". The dimensions explored are those inspired by the optimum currency areas (OCA) framework. To some extent, the findings could signify if real convergence has been significantly endogenous. At the same time, to assess the relative dominance of Germany, the features against Germany are compared to those against US. In addition, the paper also appraises some aspects of economic performance to check whether economic conditions across the states have improved and converged after unification. In some convergence aspects, findings suggest remarkable convergence with Germany and across the states but also relative convergence with US. On economic performance, results indicate substantial improvements in inflation and unemployment. Amongst the founding states, Ireland has idiosyncratically shown serious divergences in a number of the convergence and performance measures.

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A Diagnostic on the West African Monetary Union

Quah

¹

2015

South African J Economics

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Deploying the classical optimum currency areas (OCA) theory and recent developments in the monetary literature, this paper evaluates the appropriateness of West African Monetary Union (WAEMU) as a monetary zone. Nine macroeconomic dimensions are investigated under which the first four items are quantified against a reference economy, namely the United States, the eurozone or China, while the rest are measured in absolute terms for time periods before and after the 2008‐2009 global financial crisis. Results could signify relative dominance of the three world's largest economies to the West African region. In addition to inherent asymmetries across the union, findings suggest the emerging Chinese yuan as an alternative to the euro as the monetary anchor.

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Un diagnóstico de Grecia

Cited by 4 publications

References 19 publications

Germany versus the United States: Monetary Dominance in the Eurozone

Germany versus the United States: Monetary Dominance in the Eurozone

Germany versus the United States: Monetary Dominance in the Eurozone

A Diagnostic on the West African Monetary Union

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