Agénor, Pierre-Richard (contributor); … - 2008 - Rev.
Capital Market Imperfections
and the Theory of Optimum Currency Areas
Pierre-Richard Agénor
∗
and Joshua Aizenman … useful comments.
1
1 Introduction
Since the seminal contribution of Mundell (1961), the literature on optimum
currency areas … forming one. Hoffman and Remsperger (2005) have
indeed found that, for the Euro area, the degree of persistence in inflation …