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Optimal currency area theory and monetary integration in the Andean and Caribbean regions

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  • Philippe De Lombaerde

Abstract

In this article, the author analyses the prospects for monetary integration in the Andean and Caribbean regions and stresses the regional specificities that should be taken into account. He points to the necessity to combine economic, political economy and institutional approaches to assess scenarios for monetary integration. The author also argues that the application of optimum currency area theory to regions with specific characteristics (in many respects different from the EU) might produce positive feed-back effects for the development of OCA theory itself, highlighting specific aspects and implications of the same theory and stimulating theoretical research.

Suggested Citation

  • Philippe De Lombaerde, 2004. "Optimal currency area theory and monetary integration in the Andean and Caribbean regions," Global Economic Review, Taylor & Francis Journals, vol. 33(2), pages 57-78.
    • Handle: RePEc:taf:glecrv:v:33:y:2004:i:2:p:57-78
    DOI: 10.1080/12265080408449848
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    References listed on IDEAS

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    1. Peter B. Kenen, 1994. "Exchange Rates And The Monetary System," Books, Edward Elgar Publishing, number 259.
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