How Much Can the Monetary Policies of Small Open Economies Neighbouring the Eurozone Be Independent?
This paper examines the argument that a small open economy with goods and service markets integrated into a major currency block has decreased autonomy over its monetary policy. The idea is derived from Optimum Currency Area theory (OCA), which tries to answer the question of what economic area is s...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Academy of Economic Studies (ASE)
2022-12-01
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| Series: | European Journal of Interdisciplinary Studies |
| Subjects: | |
| Online Access: | https://ejist.ro/files/pdf/504.pdf |