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Regional Influences on U.S. Monetary Policy: Some Implications For EuropeMonetary Economics
- Publisher
- Wiley
- Copyright
- Copyright © 2003 Wiley Subscription Services, Inc., A Wiley Company
- ISSN
- 0347-0520
- eISSN
- 1467-9442
- DOI
- 10.1111/j.0347-0520.2003.00007.x
- Publisher site
- See Article on Publisher Site
Abstract
What is the optimal institutional structure for a federal central bank? The framework developed in this paper is used to analyze under what conditions an individual region will prefer a monetary union to be organized according to regional or common influences and how a combination of both can be rationalized. The implications of an enlargement of a monetary union for changes in its institutional setup are also derived.
Journal
The Scandinavian Journal of Economics – Wiley
Published: Dec 1, 2003