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

Author

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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.

Suggested Citation

  • Criste, Adina, 2011. "Relevance Of The Optimum Currency Areas Model For The Process Of European Monetary Integration Within The New Context Of Crisis," Studii Financiare (Financial Studies), Centre of Financial and Monetary Research "Victor Slavescu", vol. 15(4), pages 94-107.
  • Handle: RePEc:vls:finstu:v:15:y:2011:i:4:p:94-107
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    References listed on IDEAS

    as
    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. De Bandt, Olivier & Mongelli, Francesco Paolo, 2000. "Convergence of fiscal policies in the euro area," Working Paper Series 20, European Central Bank.
    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. Neven, Damien & Roller, Lars-Hendrik, 1999. "An aggregate structural model of competition in the European banking industry," International Journal of Industrial Organization, Elsevier, vol. 17(7), pages 1059-1074, October.
    5. Alberto Alesina & Francesco Giavazzi, 2010. "Europe and the Euro," NBER Books, National Bureau of Economic Research, Inc, number ales08-1, November.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    criteria of the theory of optimum currency areas; monetary integration; euro zone crisis; economic and politic environment.;
    All these keywords.

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration
    • F42 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - International Policy Coordination and Transmission
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies

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