Development of the Optimum Currency Areas theory : some issues

• Autorzy: Michał Jurek
• Języki publikacji: EN

Abstrakty

EN

This paper gives a sketch of some theoretical foundations, showing the development of the Optimum Currency Areas theory. It presents OCA properties, the fulfillment of which is a precondition to consider a chosen geographic domain as an optimum currency area. It provides a background on some issues of cost and benefit analysis derived from participation in a currency area and from relinquishing monetary policy autonomy. The paper also shows the influence of theoretical and economic phenomena on reconsidering some of the OCA theory's elements. (original abstract)

Słowa kluczowe

EN

Optimum Currency Areas (OCA); Currency union; Monetary policy; Monetary integration; Economic integration; Exchange rates

PL

Optymalny obszar walutowy; Unia walutowa; Polityka pieniężna; Integracja monetarna; Integracja gospodarcza; Kurs walutowy

• Czasopismo: The Poznań University of Economics Review
• Rocznik: 2004
• Tom: 4
• Numer: nr 2
• Strony: 28--45

Twórcy

autor

Michał Jurek

• Poznań University of Economics, Poland

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