Monetary Policy as an Optimum Currency Area Criterion

Dominik Groll

International Journal of Central Banking, 2020, vol. 16, issue 6, 331-393

Abstract: The costs and benefits of moving from a flexible exchange rate regime to a monetary union depend critically on the conduct of monetary policy. In particular, whether countries are better off in one or the other currency regime is sensitive not only to the choice of the variables that monetary policy targets but also to the strength of the response to these target variables. In addition to being an optimum currency area (OCA) criterion itself, monetary policy can modify the nature of traditional OCA criteria, such as the degree of trade openness.

JEL-codes: E52 F33 F41 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.ijcb.org/journal/ijcb20q5a8.pdf (application/pdf)
http://www.ijcb.org/journal/ijcb21q5a8.htm (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ijc:ijcjou:y:2020:q:5:a:8

Access Statistics for this article

International Journal of Central Banking is currently edited by Loretta J. Mester

More articles in International Journal of Central Banking from International Journal of Central Banking
Bibliographic data for series maintained by Bank for International Settlements ().