Bulletin n. 1/2010 | ||
July 2010 | ||
Sanchez Marcelo |
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Monetary Union of Small Open Economies: The Role of Trasparency Misperceptions | ||
in Economia internazionale , Volume LXII, No. 4 - November, 2009 , 2009 | ||
The cross-country examination of monetary policy transparency scores, economic size and supply slopes produces no clear patterns for the empirical relations in question. This evidence prompts us to formulate a general setup for the study of currency union stabilization when there is monetary policy uncertainty and structural parameters may vary. For small open economies, small size is detrimental to the relative effectiveness of the single monetary policy. | ||