Frankel, Jeffrey A.; Rose, Andrew K. - Institute for International Economic Studies (IIES), … - 1997
Everyone studying EMU cites the theory of Optimum Currency Areas: whether a country like Sweden should join the …) criterion in the future. (Further, even if Sweden does not enter EMU quickly, it will be more likely to satisfy the OCA criteria … to join EMU. <p> We review the OCA theory, highlighting the role of trade links and income links. Then we discuss and …