Regional Currency Cooperation Theory

Ruogu Li

Chapter 14 in Reform of the International Monetary System and Internationalization of the Renminbi, 2015, pp 181-188 from World Scientific Publishing Co. Pte. Ltd.

Abstract: The theory of optimum currency area (OCA) is the theoretical basis of regional currency cooperation. According to the New Palgrave Dictionary of Economics, the optimum currency area is an “optimum” geographical area. Within this area, the general means of payment is a single common currency, or there is full convertibility among over a dozen currencies with mutually pegged exchange rates that remain unchanged in daily transactions and capital transactions, while their exchange rates with currencies of outside countries remain floating…

Keywords: IMF; World Bank; Financial Crisis; International Monetary System; RMB; International Monetary System Reform; China; US; Dollar; Renminbi; Yuan; Currency; Exchange Rate (search for similar items in EconPapers)
JEL-codes: G10 (search for similar items in EconPapers)
Date: 2015
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