Optimum Para Alanları Teorisi

Itır Özer

Sosyoekonomi Journal, 2007, issue 2007-1

Abstract: This study aims to evaluate the optimum currency areas (OCA) theory which has provided an important theoretical framework for the European economic and monetary integration. OCA theory aims to define the optimal geographic domain of a single currency, and it can be examined in three phases. The pioneering phase in the 1960s and early 1970s, which has started by the seminal contribution of Mundell (1961), has been followed by reconciliation phase of the 1970s. In the third phase, OCA theory has been reassessed and the theory has been tested with empirical studies. In this study, the endogeneity of OCA has also been dealt with.

Keywords: Economic and Monetary Union; Optimum Currency Areas; Endogeneity. (search for similar items in EconPapers)
JEL-codes: F15 (search for similar items in EconPapers)
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:sos:sosjrn:070104

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