Currency Areas and Equilibrium

Filippo Cesarano

Open Economies Review, 1997, vol. 8, issue 1, 59 pages

Abstract: The standard approach to optimum currency areas clashes with both modern monetary theory and empirical evidence. The present paper sets forth an equilibrium hypothesis that views the national border as the analogue of a policy measure impinging on agents' optimizing behavior. Copyright Kluwer Academic Publishers 1997

Keywords: optimum currency areas; monetary union (search for similar items in EconPapers)
Date: 1997
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Citations: View citations in EconPapers (14)

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DOI: 10.1023/A:1008237132665

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