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
Authors:	Horvath, Julius
Publisher:	Helsinki : Bank of Finland, Institute for Economies in Transition (BOFIT)

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Series:	BOFIT Discussion Papers ; 15/2003
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
ISBN:	951-686-878-9
Other identifiers:	37852755X [GVK] hdl:10419/212529 [Handle] RePEc:zbw:bofitp:bdp2003_015 [RePEc]
Classification:	E42 - Monetary Systems; Standards; Regimes; Government and the Monetary System ; F33 - International Monetary Arrangements and Institutions
Source:	EconStor

Persistent link: https://www.econbiz.de/10012148460