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    • Speculative attacks on debts and optimum currency area: a welfare analysis 

      Araújo, Aloísio Pessoa de; Leon, Márcia Saraiva
      2003-11-14
      Traditionally the issue of an optimum currency area is based on the theoretical underpinnings developed in the 1960s by McKinnon [13], Kenen [12] and mainly Mundell [14], who is concerned with the benefits of lowering ...
    • Speculative attacks on debts, dollarization and optimum currency areas 

      Araújo, Aloísio Pessoa de; Leon, Márcia Saraiva
      2002-04-01
      The purpose of this article is to contribute to the discussion of the financial aspects of dollarization and optimum currency areas. Based on the model of self-fulfilling debt crisis developed by Cole and Kehoe [4], it is ...