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OCA Indexes and Convergence Process in Europe
Scientific Annals of Economics and Business, 2017 This paper evaluates the European monetary convergence for period 2001 and 2013. The main purpose of this contribution is the estimation of the so-called OCA index, which indicates the proximity of two economic areas.
Frydrych Jakub, Burian Stanislav
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Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, 2010 The paper deals with the evaluation of the preparedness of the Czech Republic and other candidate countries to join the Eurozone. The main goal is to asses the level of business cycle similarity in the selected Eurozone member and candidate countries ...
Petr Rozmahel, Nikola Najman
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Áreas monetárias ótimas: teoria, unificação monetária européia e aplicações para o Mercosul
Economia Aplicada, 1999 This paper presents a survey of the literature on optimum currency areas. The theoretical debate on the issue is exposed and the adoption of the "euro" is discussed.
Francisco Rigolon, Fabio Giambiagi
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The euro: It can't happen, It's a bad idea, It won't last. US economists on the EMU, 1989-2002 [PDF]
This study of approximately 170 publications shows (a) that US academic economists concentrated on the question "Is the EMU a good or bad thing?", usually adopting the paradigm of optimum currency areas as their main analytical vehicle, (b) that they ...
Eoin Drea, Lars Jonung
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Keynesian and Austrian Perspectives on Crisis, Shock Adjustment, Exchange Rate Regime and (Long-Term) Growth [PDF]
The 2010 European debt crisis has revived the discussion concerning the optimum adjustment strategy in the face of asymmetric shocks. Whereas Mundell's (1961) seminal theory on optimum currency areas suggests depreciation in the face of crisis, the most ...
Gunther Schnabl, Mathilde Maurel
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Cuadernos de Economía, 1999 The aim of this article is to show Mundel.l's contribution to the theory of optimum currency areas. After an exposition of the contents of his 7.961 article, in which he explains the factor mobility criteria for the identification of optimum currency ...
De Lombaerde Phillipe
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From Currency Unions to a World Currency: A Possibility? [PDF]
The purpose of this paper is to analyze the main macroeconomic determinants of benefits and costs by undertaking processes of monetary integration, and investigate the possibility that currency unions could be lead to the creation of a global currency in
Davide Furceri
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EMU – “Optimum” or “Viable” Currency Area?
STUDIES AND SCIENTIFIC RESEARCHES. ECONOMICS EDITION, 2012 Although the increasing heterogeneity as an effect of European Union enlargement, referring especially to the last two waves, is perceived as a single internal market and also euro single currency risk, European Monetary Union represents an important step towards deepening economic integration. Controversy on the Optimum Currency Area issue has created
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Financial integration, GDP correlation and the endogeneity of optimum currency areas [PDF]
The paper analyzes the relationship between trade, financial integration and business cycle synchronization in the euro area. The introduction of the euro has had a noticeable impact on European financial markets: we find evidence that capital markets ...
Stefano Schiavo
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A Bayesian Approach to Optimum Currency Areas in East Asia [PDF]
This paper assesses the empirical desirability of the East Asian economies to an alternative exchange rate arrangement (a monetary union) that can potentially enhance the exchange rate stability and credibility in the region.
Grace H.Y. Lee, M. Azali
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