## Abstract Optimal Currency Area (OCA) theory offers criteria for evaluating the optimality of monetary union arrangements. This paper reviews the use that has been made of these criteria in the specific context of European Monetary Union. It reviews the use of business cycle synchronization data
โฆ LIBER โฆ
On the optimal spacing of currency denominations
โ Scribed by Leo van Hove; Bruno Heyndels
- Publisher
- Elsevier Science
- Year
- 1996
- Tongue
- English
- Weight
- 428 KB
- Volume
- 90
- Category
- Article
- ISSN
- 0377-2217
No coin nor oath required. For personal study only.
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where o,, is the increase in shear stress at O"K, G the shear modulus, and b the Burgers vector of the dislocation. Combining equations ( 7) and ( 9) and making allowance for half of the loops having non-interacting Burgers' vectors's) gives 20, 2 n,= ~6 ( )I a.