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On the optimality of a currency area of a given size

โœ Scribed by George D. Demopoulos; Nicholas A. Yannacopoulos

Book ID
114126094
Publisher
Elsevier Science
Year
2001
Tongue
English
Weight
77 KB
Volume
23
Category
Article
ISSN
0161-8938

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## 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