Optimum currency area theory: A selective review

The first part of this paper is a review of significant papers in the vast literature on optimum currency area (OCA) theory. The author focuses on the main classical contributions, then considers modern treatment of OCA theory. The second part considers empirical literature on the types of geographical areas that might constitute optimum currency areas, particularly with respect to asymmetry and symmetry of shocks.

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Year of publication:	2003-11-26
Authors:	Horvath, Julius
Institutions:	Siirtymätalouksien tutkimuslaitos, Suomen Pankki

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Extent:	application/pdf
Series:	BOFIT Discussion Papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	The text is part of a series BOFIT Discussion Papers Number 15/2003 42 pages
Classification:	E42 - Monetary Systems; Standards; Regimes; Government and the Monetary System ; F33 - International Monetary Arrangements and Institutions
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005648627