Optimum currency area theory: A selective review

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)
New Economics Papers: this item is included in nep-his, nep-hpe, nep-ifn and nep-mon
Date: Written 2004-01-30
Note: Type of Document - pdf; pages: 42; figures: included
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http://129.3.20.41/eps/mac/papers/0401/0401014.pdf (application/pdf)

Related works:
Working Paper: Optimum currency area theory: A selective review (2003)
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