Development of the Optimum Currency Areas theory : some issues
DOI:
https://doi.org/10.18559/ebr.2004.2.511Keywords:
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 walutowyAbstract
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
Issue
Section
Research article- regular issue
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Copyright (c) 2004 Poznań University of Economics and Business
This work is licensed under a Creative Commons Attribution 4.0 International License.
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
