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Relevance Of The Optimum Currency Areas Model For The Process Of European Monetary Integration Within The New Context Of Crisis

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  • Criste, Adina

    (Centre for Financial and Monetary Research “Victor Slăvescu”, Romanian Academy)

Abstract

Over the time, the Euro area proved to be an experimental region, an analytical model for the process of monetary integration, therefore a support for the development of the concept of optimum currency area. The global financial and economic crisis which started in 2007 and which changed the landscape of the European economic and momentary union may bring new observations regarding this concept and may strengthen or reformulate specific criteria, reason why we conducted this study.

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File URL: ftp://www.ipe.ro/RePEc/vls/vls_pdf/vol15i4p94-107.pdf
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Bibliographic Info

Article provided by Centre of Financial and Monetary Research "Victor Slavescu" in its journal Studii Financiare (Financial Studies).

Volume (Year): 15 (2011)
Issue (Month): 4 ()
Pages: 94-107

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Handle: RePEc:vls:finstu:v:15:y:2011:i:4:p:94-107

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Related research

Keywords: criteria of the theory of optimum currency areas; monetary integration; euro zone crisis; economic and politic environment.;

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  1. Domenico Giannone & Michele Lenza & Lucrezia Reichlin, 2010. "Business Cycles in the Euro Area," NBER Chapters, in: Europe and the Euro, pages 141-167 National Bureau of Economic Research, Inc.
  2. Alberto Alesina & Francesco Giavazzi, 2010. "Europe and the Euro," NBER Books, National Bureau of Economic Research, Inc, number ales08-1.
  3. Alberto Alesina & Silvia Ardagna & Vincenzo Galasso, 2011. "The Euro and Structural Reforms," Review of Economics and Institutions, Università di Perugia, vol. 2(1).
  4. De Bandt, Olivier & Mongelli, Francesco Paolo, 2000. "Convergence of fiscal policies in the euro area," Working Paper Series 0020, European Central Bank.
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