Schor, Armand-Denis - In: L'Actualité Economique 76 (2000) 4, pp. 545-576
The theory of the optimum currency areas—OCA—has been, for forty years, an unavoidable framework regarding the choice of the exchange's mode. Of Keynesian inspiration, it initially supplements the friedmanian plea in favor of the generalized floating exchange rate mode. Improved, then deeply...