Banik, Nilanjan; Biswas, Basudeb; Criddle, Keith R. - In: International Review of Economics & Finance 18 (2009) 3, pp. 502-510
This paper is an empirical investigation of the feasibility of an optimum currency area (OCA) in South Asia. Countries are good candidates for forming an OCA if their economies are similarly structured and if their economies share similar responses to exogenous shocks. That is, among other...