Literature and Theory

Johannes Kabderian Dreyer () and Peter Alfons Schmid ()
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Johannes Kabderian Dreyer: Roskilde University RUC
Peter Alfons Schmid: FOM University of Applied Sciences

Chapter Chapter 2 in Optimal Currency Areas and the Euro, Volume II, 2023, pp 9-37 from Springer

Abstract: Abstract This chapter analyzes different theories on how factor mobility can counteract both symmetric and asymmetric economic shocks in currency unions, as well as states the research questions of this pivot. Moreover, it gives the reader a summary of the literature on labor and capital mobility, highlighting their importance to the well-functioning of currency unions, where countries are not able to execute their own monetary policies by themselves. The chapter also discusses the possibility of endogenous development of the EA toward more factor mobility over time.

Keywords: Factor mobility theories; Optimal Currency Areas; Migration and capital flows; Economic shocks; Economic stabilization (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-38867-5_2

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DOI: 10.1007/978-3-031-38867-5_2

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