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International Monetary Integration: Optimum Currency Areas and Monetary Unions

In: International Finance and Open-Economy Macroeconomics

Author

Listed:
  • Giancarlo Gandolfo

    (Accademia Nazionale dei Lincei)

Abstract

As in the case of commercial integration, also in the case of monetary integration there are various degrees of integration, from the simple currency area to the full monetary union (with a single currency). This chapter examines the various degrees of international monetary integration, starting from the theory of optimum currency areas.

Suggested Citation

  • Giancarlo Gandolfo, 2016. "International Monetary Integration: Optimum Currency Areas and Monetary Unions," Springer Texts in Business and Economics, in: International Finance and Open-Economy Macroeconomics, edition 2, chapter 20, pages 529-555, Springer.
    • Handle: RePEc:spr:sptchp:978-3-662-49862-0_20
    DOI: 10.1007/978-3-662-49862-0_20
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