RELEVANCE OF THE OPTIMUM CURRENCY AREAS MODEL FOR THE PROCESS OF EUROPEAN MONETARY INTEGRATION WITHIN THE NEW CONTEXT OF CRISIS

Adina Criste

Studii Financiare (Financial Studies), 2011, vol. 15, issue 4, 94-107

Abstract: Over the time, the Euro area proved to be an experimental region, an analytical model for the process of monetary integration, therefore a support for the development of the concept of optimum currency area. The global financial and economic crisis which started in 2007 and which changed the landscape of the European economic and momentary union may bring new observations regarding this concept and may strengthen or reformulate specific criteria, reason why we conducted this study.

Keywords: criteria of the theory of optimum currency areas; monetary integration; euro zone crisis; economic and politic environment. (search for similar items in EconPapers)
JEL-codes: F15 F42 F43 (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:vls:finstu:v:15:y:2011:i:4:p:94-107

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