International Monetary Integration: Optimum Currency Areas and Monetary Unions

Giancarlo Gandolfo

Chapter 20 in International Finance and Open-Economy Macroeconomics, 2016, pp 529-555 from Springer

Abstract: Abstract As in the case of commercial integration, also in the case of monetary integration there are various degrees of integration, from the simple currency area to the full monetary union (with a single currency). This chapter examines the various degrees of international monetary integration, starting from the theory of optimum currency areas.

Keywords: Exchange Rate; Monetary Policy; Fiscal Policy; Money Supply; Monetary Union (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sptchp:978-3-662-49862-0_20

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DOI: 10.1007/978-3-662-49862-0_20

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