scholarly journals Estimating the Effect of Currency Unions on Trade and Output

10.3386/w7857 ◽  
2000 ◽  
Author(s):  
Jeffrey Frankel ◽  
Andrew Rose
Keyword(s):  
Author(s):  
Vojtěch Belling ◽  
Lukáš Kollert ◽  
Martin Vojta

Abstract The paper focuses on conditionality in imf programs for member states of monetary unions in light of the decision of the imf’s Executive Board on Program Design in Currency Unions (2018). Despite the growing importance of supranational institutions, the imf lacked until 2018 any explicit framework for imposing conditions on currency union bodies in cases where a member state of such a union requested an imf program. The aim of this paper is to assess the newly adopted imf approach to conditionality for currency union institutions based on the concept of “policy assurances” and to answer the question of whether the imf had authority to impose conditions on supranational institutions prior to the 2018 Board decision and whether the imf should in principle have such authority.


2018 ◽  
Vol 81 (3) ◽  
pp. 487-510 ◽  
Author(s):  
Mario Larch ◽  
Joschka Wanner ◽  
Yoto V. Yotov ◽  
Thomas Zylkin

2003 ◽  
Author(s):  
Silvana Tenreyro ◽  
Robert J. Barro

2014 ◽  
pp. 202-210 ◽  
Author(s):  
A. M. Asaliev ◽  
V. N. Jusim ◽  
L. S. Tarkhova
Keyword(s):  

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