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theory of optimum currency areas. We show that the asymmetric shock of the German unification can be seen not only as the … round of monetary expansion in the EMU. -- monetary union ; German unification ; asymmetric shock ; current account …
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This report examines the feasibility of Optimum Currency Area for East Asian countries with reference to economic conditions before and after financial crises 1997. Theoretical perspective of the OCA theory is given to find the logics of Currency Area in this region. The empirical part of the...
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