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This book deals with the economic consequences of monetary integration, which has long been dominated by the Optimal Currency Area (OCA) paradigm. In this model, money is perceived as having developed from a private sector cost minimization process to facilitate transactions. Not surprisingly,...
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The financial crisis in Europe has resulted in a new assessment of monetary and financial integration both in Europe and in Asia. Before the current crisis, regional integration in monetary and fiscal affairs including mechanisms to stabilize exchange rates enjoyed a lot of academic and...
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policy challenges, sustainability of public finances and EU accession : the case of Turkey -- 4. Monetary policy in the Euro … area : lessons from five years of the ECB and then implications for Turkey -- 5. Monetary policy challenges for Turkey in … sustainability : the case of Turkey -- 10. Macro policy challenges for Turkey : some comments. …
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