Optimum Currency Areas: New Analytical and Policy Developments: New Analytical and Policy Developments

June 17, 1997

Summary

Robert Mundell's pioneering theory of optimum currency areas is revisited, with experts from the IMF, the BIS, the European Investment Bank, academia, European think tanks, and the Bank of Israel looking at its current practical applications, especially in the context of the forthcoming European Economic and Monetary Union (EMU). Robert Mundell himself offers an update to help in assessing the implications and consequences of EMU.

Subject: Conventional peg, Currencies, Economic integration, Exchange rate arrangements, Exchange rate flexibility, Exchange rates, Foreign exchange, Monetary unions, Money

Keywords: Africa, BOOK, business cycle activity, common currency, Conventional peg, Currencies, Eastern Europe, EMU entry, Europe, Exchange rate arrangements, Exchange rate flexibility, exchange rate float, Exchange rates, government, inflation, Monetary unions, policy, policy instrument, policy procedure, single currency, state product, Western Europe

Pages:
123
Volume:
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DOI:
https://doi.org/10.5089/9781557756527.071
Issue:
---
Series:
Books
Stock No:
OCAEA0000000
ISBN:
9781557756527
ISSN:
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