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Optimum Currency Areas Past and Future
2018The literature on optimum currency areas differs from that on other topics in economic theory in a number of notable respects. Most obviously, the theory is framed in verbal rather than mathematical terms. Mundell’s seminal article coining the term and setting out the theory’s basic propositions relied entirely on words rather than equations.
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The ‘New’ Theory of Optimum Currency Areas
The World Economy, 1993Highbrow opinion is like a hunted hare; if you stand long enough it will come back to the place it started from. Dennis Robertson
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New criteria for optimum currency areas
2005Trade Policy Reforms and Development, comprises 11 essays offering new contributions on the following topics: globalisation and political economy of trade; trade, labour standards and economic crisis; the changing role of the WTO; competition policy and the WTO; choice of formulas for market access negotiations; regionalism and bilateralism in ASEAN ...
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Optimum currency area: an epistemological view [PDF]
, 2011 This paper aims to provide a critical analysis of the evolution of the optimum currency area theory. The motivation for this paper arises from the fact that there are many studies that make references to the OCA theory, providing various insights for it.
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Is Europe an Optimum Currency Area?
1994The debate on EMU has been very influenced by the traditional theory of optimum currency areas (OCAs). The paper shows that this theory is not an ideal yardstick for an assessment of EMU. Its assumptions are not very realistic and its focus on asymmetric real shocks is much too narrow.
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Monetary union in Latin America: an assessment in the context of optimum currency area
Applied Economics, 2018Kurt A Hafner
exaly