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Optimum currency areas and asymmetric shocks

Apostolov, Mico (2006): Optimum currency areas and asymmetric shocks. Published in:

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Abstract

Optimum currency areas and asymmetric shocks Comparison of two studies: • Krugman Paul (1993) "Lessons from Massachusetts for EMU" in Torres, F. & Giavazzi, F. (Editors) Adjustment and Growth in the European Monetary Union London: CEPR and Cambridge University Press. and • Frankel Jeffrey and Rose Andrew (1996) "The Endogeneity of Optimum Currency Areas" CEPR discussion paper 1473, NBER Working Paper 5700

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