Add to ORKGThe academic and political discussion about which countries met the conditions for joining EMU was decisively influenced by the Frankel and Rose (1997) hypothesis concerning endogenous OCA properties. The answer to their question "Is EMU more justifiable ex post than ex ante?" was a definite yes in their ex ante analysis. Our ex post examination of the euro's first decade, however suggests that the hypothesis does not hold for some countries. This paper utilizes panel data estimation techniques to compute OCA indices that help assess the OCA endogeneity hypothesis and signal current external and fiscal imbalances.Optimum currency areas; OCA index; Monetary union.
This paper traces the advancements of the optimum currency area theory through its successive phases...
This paper evaluates the European monetary convergence for period 2001 and 2013. The main purpose of...
Six years after the monetary unification in Europe is still too early to provide a definitive eval...
The study aims to establish whether or not the Optimum Currency Area (OCA) theory criteria are endog...
When assessing the benefits of monetary union in Europe, an important debate over the direction of c...
This paper examines whether macroeconomic convergence is an automatic outcome of forming a currency ...
This paper presents an ex-post assessment of the current situation of the Economic and Monetary Unio...
In this paper the authors calculate OCA-indexes for industrial countries in an effort to estimate th...
This work aims to assess whether the hypothesis of endogenous synchronisation of shocks is verified ...
Already before the final introduction of the single European currency there have been negotiations o...
The academic and political discussion about which countries met the conditions for joining EMU was d...
In this paper the authors calculate OCA-indexes for industrial countries in an effort to estimate th...
Using annual bilateral data over the period 1988-2011 for a panel of 24 industrialised and emerging ...
Soon after the establishment of the Eurozone it became obvious that the structural differences betwe...
Some have argued that the endogenous responses to the formation of a currency area are so strong tha...
This paper traces the advancements of the optimum currency area theory through its successive phases...
This paper evaluates the European monetary convergence for period 2001 and 2013. The main purpose of...
Six years after the monetary unification in Europe is still too early to provide a definitive eval...
The study aims to establish whether or not the Optimum Currency Area (OCA) theory criteria are endog...
When assessing the benefits of monetary union in Europe, an important debate over the direction of c...
This paper examines whether macroeconomic convergence is an automatic outcome of forming a currency ...
This paper presents an ex-post assessment of the current situation of the Economic and Monetary Unio...
In this paper the authors calculate OCA-indexes for industrial countries in an effort to estimate th...
This work aims to assess whether the hypothesis of endogenous synchronisation of shocks is verified ...
Already before the final introduction of the single European currency there have been negotiations o...
The academic and political discussion about which countries met the conditions for joining EMU was d...
In this paper the authors calculate OCA-indexes for industrial countries in an effort to estimate th...
Using annual bilateral data over the period 1988-2011 for a panel of 24 industrialised and emerging ...
Soon after the establishment of the Eurozone it became obvious that the structural differences betwe...
Some have argued that the endogenous responses to the formation of a currency area are so strong tha...
This paper traces the advancements of the optimum currency area theory through its successive phases...
This paper evaluates the European monetary convergence for period 2001 and 2013. The main purpose of...
Six years after the monetary unification in Europe is still too early to provide a definitive eval...