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Real Effects of Common Currencies in East Asia

Real Effects of Common Currencies in East Asia »

Source: Real Effects of Common Currencies in East Asia

Volume/Issue: 2007/166

Series: IMF Working Papers

Author(s): Kazuko Shirono

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2007

ISBN: 9781451867305

Keywords: Currency Union, Gravity Model, exchange rate, bilateral trade, currency unions, trade costs, exchange rate policies,

Since the 1997 Asian currency crisis, new interest has emerged in the formation of a common currency area in East Asia. This paper provides estimates of trade and welfare effects of East Asian currency unions, usin...

Trade and Industrial Location with Heterogeneous Labor

Trade and Industrial Location with Heterogeneous Labor »

Source: Trade and Industrial Location with Heterogeneous Labor

Volume/Issue: 2004/103

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2004

ISBN: 9781451852721

Keywords: Agglomeration, matching, spatial mismatch, interregional trade, trade costs, skilled workers, free trade, Models of Trade with Imperfect Competition and Scale Economies, Labor Contracts, Size and Spatial Distributions of Regional Economic Activity

We show in the context of a new economic geography model that when labor is heterogenous trade liberalization may lead to industrial agglomeration and interregional trade. Labor heterogeneity gives local monopoly p...

Real Effects of Common Currencies in East Asia

Real Effects of Common Currencies in East Asia »

Volume/Issue: 2007/166

Series: IMF Working Papers

Author(s): Kazuko Shirono

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2007

DOI: http://dx.doi.org/10.5089/9781451867305.001

ISBN: 9781451867305

Keywords: Currency Union, Gravity Model, exchange rate, bilateral trade, currency unions, trade costs, exchange rate policies,

Since the 1997 Asian currency crisis, new interest has emerged in the formation of a common currency area in East Asia. This paper provides estimates of trade and welfare effects of East Asian currency unions, usin...

Trade and Industrial Location with Heterogeneous Labor

Trade and Industrial Location with Heterogeneous Labor »

Volume/Issue: 2004/103

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2004

DOI: http://dx.doi.org/10.5089/9781451852721.001

ISBN: 9781451852721

Keywords: Agglomeration, matching, spatial mismatch, interregional trade, trade costs, skilled workers, free trade, Models of Trade with Imperfect Competition and Scale Economies, Labor Contracts, Size and Spatial Distributions of Regional Economic Activity

We show in the context of a new economic geography model that when labor is heterogenous trade liberalization may lead to industrial agglomeration and interregional trade. Labor heterogeneity gives local monopoly p...