Dellas, Harris; Tavlas, George S. - In: Journal of International Money and Finance 28 (2009) 7, pp. 1117-1137
The theory of optimum-currency-areas was conceived and developed in three highly influential papers, written by (Mundell, 1961) and (McKinnon, 1963) and Kenen (1969). Those authors identified characteristics that potential members of a monetary union should ideally possess in order to make it...