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Optimum currency area theory: A selective review

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  • Julius Horvath

    (Professor & Chair Department of International Relations & European Studies Central European University Budapest)

Abstract

The first part of this paper is a review of significant papers in the vast literature on optimum currency area (OCA) theory. The author focuses on the main classical contributions, then considers modern treatment of OCA theory. The second part considers empirical literature on the types of geographical areas that might constitute optimum currency areas, particularly with respect to asymmetry and symmetry of shocks.

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File URL: http://128.118.178.162/eps/mac/papers/0401/0401014.pdf
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Bibliographic Info

Paper provided by EconWPA in its series Macroeconomics with number 0401014.

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Length: 42 pages
Date of creation: 30 Jan 2004
Date of revision:
Handle: RePEc:wpa:wuwpma:0401014

Note: Type of Document - pdf; pages: 42; figures: included
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Web page: http://128.118.178.162

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References

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Citations

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Cited by:
  1. Horvath, Julius & Ratfai, Attila, 2004. "Supply and demand shocks in accession countries to the Economic and Monetary Union," Journal of Comparative Economics, Elsevier, vol. 32(2), pages 202-211, June.
  2. Kocenda, Evzen & Kutan, Ali M. & Yigit, Taner M., 2006. "Pilgrims to the Eurozone: How far, how fast?," Economic Systems, Elsevier, vol. 30(4), pages 311-327, December.
  3. Dobrinsky, Rumen, 2006. "Catch-up inflation and nominal convergence: The balancing act for new EU entrants," Economic Systems, Elsevier, vol. 30(4), pages 424-442, December.
  4. Puiu, Cristina, 2011. "Optimum currency area: an epistemological view," MPRA Paper 35055, University Library of Munich, Germany.
  5. Csaba, László, 2006. "A stabilitási és növekedési egyezmény új politikai gazdaságtanáról
    [On the new political economy of the Stability and Growth Pact]
    ," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(1), pages 1-30.
  6. Evzen Kocenda & Ali M. Kutan & M. Taner Yigit, 2005. "Pilgrims to Eurozone: How Far, How Fast," Departmental Working Papers 0501, Bilkent University, Department of Economics.
  7. Horvath, Julius, 2003. "Optimum currency area theory: A selective review," BOFIT Discussion Papers 15/2003, Bank of Finland, Institute for Economies in Transition.

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