Conclusion

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 5 in Optimal Currency Areas and the Euro, Volume II, 2023, pp 101-104 from Springer

Abstract: Abstract This chapter provides final discussions as well as concludes our pivot by discussing the results of our empirical analysis in light of the OCA theory and literature. There is a lack of agreement in the literature on whether the level of intra-EA factor mobility justifies sharing a common currency. Given an endogenous development of the currency union along the sample period toward higher levels of migration, we show with our analysis that the different conclusions of the literature can be strictly dependent on the sample period selected. Thus, we defend that our research work with this pivot to some extent reconciles the literature on labor mobility in the EA.

Keywords: EA; Migration; Capital flows; Optimal currency areas; Stabilization; Economic crisis (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_5

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DOI: 10.1007/978-3-031-38867-5_5

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