Optimum currency area theory: A selective review

Julius Horvath

No 15/2003, BOFIT Discussion Papers from Bank of Finland Institute for Emerging Economies (BOFIT)

Abstract: The first part of this paper is a review of significant papers in the vast literature on optimum currency area (OCA) theory.The author focuses on the main classical contributions, then considers modern treatment of OCA theory.The second part considers empirical literature on the types of geographical areas that might constitute optimum currency areas, particularly with respect to asymmetry and symmetry of shocks.

JEL-codes: E42 F33 (search for similar items in EconPapers)
Date: 2003
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Citations: View citations in EconPapers (8)

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Working Paper: Optimum currency area theory: A selective review (2004)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:bofitp:bdp2003_015

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