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Hypophosphataemia in Critical Illness: A Narrative Review. [PDF]
J Clin MedRamanan M +6 more
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Optimum Currency Areas and Key Currencies
2002Forty years after Robert Mundell put forth his celebrated theory of optimum currency areas, the analytical consensus based on his celebrated 1961 paper has disintegrated. Part of the problem stems from a seeming contradiction in Robert Mundell’s own work.
Ronald McKinnon, Peter B. Kenen
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Optimum‐Currency‐Area Paradoxes
Review of International Economics, 2009AbstractContributions by Mundell (1961), McKinnon (1963), and Kenen (1969) laid the foundations for all subsequent work in the area of the theory of optimum currency areas. The development of the optimum‐currency‐area paradigm, however, has not been a smooth one.
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Optimum filtering for optimum currency areas criteria [PDF]
Economics Bulletin, 2007 This study aims to analyze Turkey and the Economic and Monetary Union (EMU) countries in the light of criteria suggested by the optimum currency areas (OCA) theory and to compare the criteria obtained by an application of Hodrick-Prescott (H-P) and Baxter-King (B-K) filters.
Itir Ozer, Ibrahim Ozkan
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A New Optimum Currency Area Index for the Euro Area
SSRN Electronic Journal, 2022We propose a new and time-varying optimum currency area (OCA) index for the euro area in assessing the evolution of the OCA properties of the monetary union from an international business cycle perspective. It is derived from the relative importance of symmetric vs.
Kunovac, Davor +2 more
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1987
An optimum currency area refers to the ‘optimum’ geographical domain having as a general means of payments either a single common currency or several currencies whose exchange values are immutably pegged to one another with unlimited convertibility for both current and capital transactions, but whose exchange rates fluctuate in unison against the rest ...
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An optimum currency area refers to the ‘optimum’ geographical domain having as a general means of payments either a single common currency or several currencies whose exchange values are immutably pegged to one another with unlimited convertibility for both current and capital transactions, but whose exchange rates fluctuate in unison against the rest ...
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Is China an optimum currency area?
Journal of Asian Economics, 2005Abstract This paper analyzes regional differences across Chinese regions, employing an optimum currency area framework. Empirically, we consider the cross-sectional correlation measure of Solnik and Roulet [Solnik, B., & Roulet, J. (2000). Dispersion as cross-sectional correlation.
Hans N.E. Byström +2 more
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Operationalising the theory of optimum currency areas
1984Recent years have seen a wave of empirical studies attempting to give empirical content to the theory of optimum currency areas as a way of marshalling evidence on the costs and benefits of EMU. This paper reviews this empirical literature, as a way of examining the success with which theory has been operationalized. We also report some new work on the
Bayoumi, Tamim, Eichengreen, Barry
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Theory of Optimum Currency Areas
Review of Market Integration, 2015This article aims at providing an eclectic analysis of the theory of optimum currency areas (OCAs). Although the basic tenets of the theory were anticipated during the late 1940s and the 1950s, the theory was developed and maturated in three highly influential papers of Mundell (1961), McKinnon (1963) and Kenen (1969).
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