A modern reconsideration of the theory of optimal currency areas /

What can be learnt from revisiting the Optimal Currency Areas (OCA) theory 50 years from its birth, in light of recent advances in open economy macro and monetary theory? This paper presents a stylized micro-founded model of the costs of adopting a common currency, relative to an ideal benchmark in...

Πλήρης περιγραφή

Κύριος συγγραφέας: Consetti, Giancarlo.
Corporate συγγραφέας: European Commission : Directorate-General for Economic and Financial Affairs.
Μορφή: Βιβλίο
Γλώσσα: English
Στοιχεία έκδοσης: Brussels- Belgium: European Comission: Directorate-General for Economic and Financial Affairs, 2008.
Σειρά: European Economy. Economic papers ; 308.
Διαθέσιμο Online: http://ec.europa.eu/economy_finance/publications/publication_summary12231_en.htm
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