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Optimum currency area theory: A selective review

  • Julius Horvath

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

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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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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