TY  - CHAP
AB  - This paper attempts to evaluate whether the set of NAFTA countries (the U.S., Canada and Mexico) should adopt the same currency. The theoretical basis for the paper is the optimal currency area theory which suggests that countries or regions that experience similar business cycles can gain advantages in adopting the same currency. The statistical methodology used in the paper to evaluate whether states or provinces have similar business cycle correlations is model-based cluster analysis, a recently-developed method to group data in the applied statistics literature.
VL  - 10
SN  - 978-0-76231-094-4, 978-1-84950-260-3/1064-4857
DO  - 10.1016/S1064-4857(04)10009-0
UR  - https://doi.org/10.1016/S1064-4857(04)10009-0
AU  - Crowley Patrick M.
ED  - Alan M. Rugman
PY  - 2004
Y1  - 2004/01/01
TI  - A SINGLE CURRENCY FOR NAFTA?
T2  - North American Economic and Financial Integration
T3  - Research in Global Strategic Management
PB  - Emerald Group Publishing Limited
SP  - 153
EP  - 173
Y2  - 2024/04/25
ER  -