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Summary and Conclusions

In: Currency Areas

Author

Listed:
  • John R. Presley
  • Geoffrey E. J. Dennis

Abstract

This book has been a study in the economic theory of currency areas, applied where relevant to the case-study of the European Economic Community. It has been of a special nature because of its analysis of the EEC in the light of currency area theory, with only passing reference to whether ‘optimality’ — in the strict economic sense described above — could be more nearly approached by expanding or reducing the membership of the Community. The study has made only limited reference to the non-economic, political and social arguments within the EEC, except to appraise why EMU is a priority for some members of the EEC. This concentration on economic theory and its empirical verification does not reduce its applicability to the arguments often quoted for and against EMU. It is an attempt to evaluate the conditions for a successful (i.e. where positive net benefits accrue), even if not an optimal, currency area in the EEC. It leaves the social and political arguments and decisions to those more capable of concluding on them.

Suggested Citation

  • John R. Presley & Geoffrey E. J. Dennis, 1976. "Summary and Conclusions," Palgrave Macmillan Books, in: Currency Areas, chapter 4, pages 98-102, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-02470-4_4
    DOI: 10.1007/978-1-349-02470-4_4
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    Cited by:

    1. Simon Wong, Chak Keung & Gladys Liu, Fung Ching, 2011. "A study of pre-trip use of travel guidebooks by leisure travelers," Tourism Management, Elsevier, vol. 32(3), pages 616-628.
    2. Mutinda, Rayviscic & Mayaka, Melphon, 2012. "Application of destination choice model: Factors influencing domestic tourists destination choice among residents of Nairobi, Kenya," Tourism Management, Elsevier, vol. 33(6), pages 1593-1597.
    3. Lu, Yao-chi & Cline, Philip & Quance, Leroy, 1979. "Prospects for Productivity Growth in U.S. Agriculture," Agricultural Economic Reports 307753, United States Department of Agriculture, Economic Research Service.
    4. Coromina, Lluís & Camprubí, Raquel, 2016. "Analysis of tourism information sources using a Mokken Scale perspective," Tourism Management, Elsevier, vol. 56(C), pages 75-84.
    5. Dey, Banasree & Sarma, Mrinmoy K., 2010. "Information source usage among motive-based segments of travelers to newly emerging tourist destinations," Tourism Management, Elsevier, vol. 31(3), pages 341-344.
    6. Antoine Zalatan, 2004. "Tourist Typology: An Ex Ante Approach," Tourism Economics, , vol. 10(3), pages 329-343, September.
    7. Paul M. Wortman & Charles S. Reichardt & Robert G. St. Pierre, 1978. "The First Year of the Education Voucher Demonstration," Evaluation Review, , vol. 2(2), pages 193-214, May.

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