Optimum Currency Area in Europe: An Alternative Evaluation
In this paper we explore an alternative scheme to assess the suitability of adopting a common currency by Western European countries. It is based on the role of common regional shocks in the determination of output. The results show that the OCA theory well explains and predicts participation decisi...
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| Main Authors: | , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2003
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/soe_research/180 https://ink.library.smu.edu.sg/context/soe_research/article/1179/viewcontent/Optimum_currency_area_in_Europe_2003.pdf |
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| Institution: | Singapore Management University |
| Language: | English |