What is European Economic and Monetary Union Telling us About the Properties of Optimum Currency Areas?*

Francesco Mongelli

Journal of Common Market Studies, 2005, vol. 43, issue 3, 607-635

Abstract: Our understanding of optimum currency area (OCA) properties has changed over time. While all properties can now be discussed in detail, the challenge of weighing and reconciling them remains. Looking ahead, we may be confronted with two distinct paradigms: specialization versus ‘endogeneity of OCA’ that may give rise to a paradox if taken to the extreme. The merits of OCA theory as an organizing device and a research catalyst are underlined, but its limitations are also revealed. Also noted here is the complementarity between empirical studies of OCA properties and progress toward EMU.

Date: 2005
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (37)

Downloads: (external link)
https://doi.org/10.1111/j.0021-9886.2005.00571.x

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bla:jcmkts:v:43:y:2005:i:3:p:607-635

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0021-9886

Access Statistics for this article

Journal of Common Market Studies is currently edited by Jim Rollo and Daniel Wincott

More articles in Journal of Common Market Studies from Wiley Blackwell
Bibliographic data for series maintained by Wiley Content Delivery ().