Optimum currency areas: a policy view
Since the mid-1990s new developments in the theory of optimum currency areas have set forth an equilibrium approach that, in contrast with the traditional view stemming from Robert Mundell's seminal paper, considers the optimality criteria as the product of equilibrium forces and therefore end...
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| Format: | Article |
| Language: | English |
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Associazione Economia civile
2012-04-01
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| Series: | PSL Quarterly Review |
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| Online Access: | https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/9872 |
| _version_ | 1811172369762353152 |
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| author | Filippo Cesarano |
| author_facet | Filippo Cesarano |
| author_sort | Filippo Cesarano |
| collection | DOAJ |
| description |
Since the mid-1990s new developments in the theory of optimum currency areas have set forth an equilibrium approach that, in contrast with the traditional view stemming from Robert Mundell's seminal paper, considers the optimality criteria as the product of equilibrium forces and therefore endogenous. Notwithstanding their different characteristics, however, these alternative approaches are both useful to tackle different policy issues relating to the transition stage and the long-run operation of monetary unions.
JEL Codes: F33
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| first_indexed | 2024-04-10T17:29:57Z |
| format | Article |
| id | doaj.art-1c3784828dff40f0a3f6f8567c9dd3d6 |
| institution | Directory Open Access Journal |
| issn | 2037-3635 2037-3643 |
| language | English |
| last_indexed | 2024-04-10T17:29:57Z |
| publishDate | 2012-04-01 |
| publisher | Associazione Economia civile |
| record_format | Article |
| series | PSL Quarterly Review |
| spelling | doaj.art-1c3784828dff40f0a3f6f8567c9dd3d62023-02-03T16:48:28ZengAssociazione Economia civilePSL Quarterly Review2037-36352037-36432012-04-015923910.13133/2037-3643/9872Optimum currency areas: a policy viewFilippo Cesarano Since the mid-1990s new developments in the theory of optimum currency areas have set forth an equilibrium approach that, in contrast with the traditional view stemming from Robert Mundell's seminal paper, considers the optimality criteria as the product of equilibrium forces and therefore endogenous. Notwithstanding their different characteristics, however, these alternative approaches are both useful to tackle different policy issues relating to the transition stage and the long-run operation of monetary unions. JEL Codes: F33 https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/9872currency |
| spellingShingle | Filippo Cesarano Optimum currency areas: a policy view PSL Quarterly Review currency |
| title | Optimum currency areas: a policy view |
| title_full | Optimum currency areas: a policy view |
| title_fullStr | Optimum currency areas: a policy view |
| title_full_unstemmed | Optimum currency areas: a policy view |
| title_short | Optimum currency areas: a policy view |
| title_sort | optimum currency areas a policy view |
| topic | currency |
| url | https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/9872 |
| work_keys_str_mv | AT filippocesarano optimumcurrencyareasapolicyview |