OPTIMUM CURRENCY AREA, EXPERIENCES OF MONETARY UNIFICATION AND THEIR IMPLICATIONS
作者: Jin-Gil Jeong
刊名: Journal of International Finance Studies, 2018, Vol.18 (1)
来源数据库: International Academy of Business and Economics
DOI: 10.18374/JIFS-18-1.2
关键词: CurrencyOptimizationUnification
原始语种摘要: The monetary unification of the two alternative economic systems- Market Based Economy and Centrally Planned Economy- in Vietnam and Germany have shown lingering economic effects for several decades after their political unification in 1975 and 1990, respectively. During the initial decade after their unplanned sudden monetary unification, the people and unified government of the two countries experienced economic chaos, friction, and disruption with a trial-and error policy with no solid blue print. In this paper, after examining the process of monetary unification in the two countries, we address an important implication for the two Koreas on how to achieve a smooth monetary unification, without economic turmoil. Since South Korea is a major trading partner for North Korea, it would be...
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关键词翻译
关键词翻译
  • monetary 金融
  • economic 经济的
  • trading 贸易
  • political 政治
  • unification 统一
  • currency 货币
  • partner 合伙人
  • Korea 朝鲜
  • trade 买卖
  • their 他们的