EMU – “Optimum” or “Viable” Currency Area?

Authors

  • Andreea Bucur

DOI:

https://doi.org/10.29358/sceco.v0i16-17.70

Keywords:

European Monetary Union (EMU), Optimum Currency Area (OCA), euro zone, asymmetric shocks

Abstract

Although the increasing heterogeneity as an effect of European Union enlargement, referring especially to the last two waves, is perceived as a single internal market and also euro single currency risk, European Monetary Union represents an important step towards deepening economic integration. Controversy on the Optimum Currency Area issue has created difficulties in empirical research effort to find appropriate responses to the EMU dilemma: is Euro zone an „optimum” or rather “viable” currency area?

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Published

07.12.2012

How to Cite

Bucur, A. (2012). EMU – “Optimum” or “Viable” Currency Area?. Studies and Scientific Researches. Economics Edition, 16-17. https://doi.org/10.29358/sceco.v0i16-17.70