Sénégas, Marc-Alexandre - In: Revue d'économie politique 120 (2010) 2, pp. 379-419
This paper tries to draw some lessons of the experience of ten years of EMU for the theory of Optimum Currency Areas. It examines whether, in the light of EMU, the OCA theory may be considered as a relevant framework for assessing the functioning of a monetary union as well as the costs and...