Monetary Unions and Long-Run Growth
| dc.contributor.advisor | Peretto, Pietro | |
| dc.contributor.author | Crews, Levi | |
| dc.date.accessioned | 2017-05-05T00:38:40Z | |
| dc.date.available | 2017-05-05T00:38:40Z | |
| dc.date.issued | 2017-05-04 | |
| dc.department | Economics | |
| dc.description.abstract | This paper develops two complementary models of monetary unions and long-run growth. The key result is that a reduction in foreign exchange costs via monetary unification provides a positive growth effect for member nations. This growth effect may come through increased knowledge spillovers in the deterministic model or through the migration of funds to higher-yield investments in the stochastic model. Empirical evidence is presented that generally supports both of these channels of growth. | |
| dc.identifier.uri | ||
| dc.subject | Economic growth | |
| dc.subject | Monetary Union | |
| dc.title | Monetary Unions and Long-Run Growth | |
| dc.type | Honors thesis |
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