MADRID, SPAIN - 2018/12/09: An Argentina Flag seen waved by supporters in Paseo de la Castellana in Madrid. The Copa Libertadores Final match between River Plate and Boca Juniors is being played in ...

I study efficiency and optimal monetary policy in a two-country monetary union with frictional labor markets. With heterogeneity in labor market frictions, the constrained efficient allocation ...

In his papers during the lead up to the birth of the European Monetary Union, Obstfeld considered whether the countries forming the EMU were sufficiently similar to survive a single monetary ...

Paul Krugman criticized Brazil and Argentina's plan to create a common currency for trade. "It's a nice opportunity to apply the theory of Optimum Currency Areas — which tells us that it's a terrible ...