Development of the Optimum Currency Areas theory : some issues

Authors

  • Michał Jurek

DOI:

https://doi.org/10.18559/ebr.2004.2.511

Keywords:

Optimum Currency Areas (OCA), Currency unions, Monetary policy, Monetary integration, Economic integration, Exchange rates, Optymalny obszar walutowy, Unie walutowe, Polityka pieniężna, Integracja monetarna, Integracja gospodarcza, Kurs walutowy

Abstract

This paper gives a sketch of some theoretical foundations, showing the development of the Optimum Currency Areas theory. It presents OCA properties, the fulfillment of which is a precondition to consider a chosen geographic domain as an optimum currency area. It provides a background on some issues of cost and benefit analysis derived from participation in a currency area and from relinquishing monetary policy autonomy. The paper also shows the influence of theoretical and economic phenomena on reconsidering some of the OCA theory's elements. (original abstract)

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Published

2004-12-30

How to Cite

Jurek, M. (2004). Development of the Optimum Currency Areas theory : some issues. Economics and Business Review, 4(2), 28–45. https://doi.org/10.18559/ebr.2004.2.511

Issue

Vol. 4 No. 2 (2004)

Section

Research article- regular issue

License

Copyright (c) 2004 Poznań University of Economics and Business

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.