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The Theory of Optimum Currency Areas: A Literature Review

Tanja Broz

Puni tekst: engleski, pdf (162 KB) str. 52-78 preuzimanja: 16.788* citiraj
APA 6th Edition
Broz, T. (2005). The Theory of Optimum Currency Areas: A Literature Review. Privredna kretanja i ekonomska politika, 15 (104), 52-78. Preuzeto s https://hrcak.srce.hr/18402
MLA 8th Edition
Broz, Tanja. "The Theory of Optimum Currency Areas: A Literature Review." Privredna kretanja i ekonomska politika, vol. 15, br. 104, 2005, str. 52-78. https://hrcak.srce.hr/18402. Citirano 26.09.2021.
Chicago 17th Edition
Broz, Tanja. "The Theory of Optimum Currency Areas: A Literature Review." Privredna kretanja i ekonomska politika 15, br. 104 (2005): 52-78. https://hrcak.srce.hr/18402
Harvard
Broz, T. (2005). 'The Theory of Optimum Currency Areas: A Literature Review', Privredna kretanja i ekonomska politika, 15(104), str. 52-78. Preuzeto s: https://hrcak.srce.hr/18402 (Datum pristupa: 26.09.2021.)
Vancouver
Broz T. The Theory of Optimum Currency Areas: A Literature Review. Privredna kretanja i ekonomska politika [Internet]. 2005 [pristupljeno 26.09.2021.];15(104):52-78. Dostupno na: https://hrcak.srce.hr/18402
IEEE
T. Broz, "The Theory of Optimum Currency Areas: A Literature Review", Privredna kretanja i ekonomska politika, vol.15, br. 104, str. 52-78, 2005. [Online]. Dostupno na: https://hrcak.srce.hr/18402. [Citirano: 26.09.2021.]
Puni tekst: hrvatski, pdf (79 KB) str. 52-78 preuzimanja: 429* citiraj
APA 6th Edition
Broz, T. (2005). Teorija optimalnih valutnih područja: pregled literature. Privredna kretanja i ekonomska politika, 15 (104), 52-78. Preuzeto s https://hrcak.srce.hr/18402
MLA 8th Edition
Broz, Tanja. "Teorija optimalnih valutnih područja: pregled literature." Privredna kretanja i ekonomska politika, vol. 15, br. 104, 2005, str. 52-78. https://hrcak.srce.hr/18402. Citirano 26.09.2021.
Chicago 17th Edition
Broz, Tanja. "Teorija optimalnih valutnih područja: pregled literature." Privredna kretanja i ekonomska politika 15, br. 104 (2005): 52-78. https://hrcak.srce.hr/18402
Harvard
Broz, T. (2005). 'Teorija optimalnih valutnih područja: pregled literature', Privredna kretanja i ekonomska politika, 15(104), str. 52-78. Preuzeto s: https://hrcak.srce.hr/18402 (Datum pristupa: 26.09.2021.)
Vancouver
Broz T. Teorija optimalnih valutnih područja: pregled literature. Privredna kretanja i ekonomska politika [Internet]. 2005 [pristupljeno 26.09.2021.];15(104):52-78. Dostupno na: https://hrcak.srce.hr/18402
IEEE
T. Broz, "Teorija optimalnih valutnih područja: pregled literature", Privredna kretanja i ekonomska politika, vol.15, br. 104, str. 52-78, 2005. [Online]. Dostupno na: https://hrcak.srce.hr/18402. [Citirano: 26.09.2021.]

Sažetak
This paper reviews some of the most important contributions to the theory of optimum currency areas. The first part reviews traditional contributions, while the second part reviews modern views on the optimum currency areas theory. Even though many additional criteria have been introduced in this modern phase, traditional contributions are still relevant. Some of the most important criteria include labour mobility, price and wage flexibility, degree of openness, product diversification, inflation differentials, effectiveness of monetary policy, correlation and variation of shocks, character of shocks and political factors. If, for example, potential members of a common currency area do have labour force that is mobile, sufficient price and wage flexibility, a high degree of openness, similar inflation rates and political will to abandon their own currency and adopt a new one, then the common monetary policy can be a benefit to all members and therefore the usefulness of nominal exchange rate adjustments within members is reduced.

Ključne riječi
optimum currency areas; monetary integration

Hrčak ID: 18402

URI
https://hrcak.srce.hr/18402

[hrvatski]

Posjeta: 18.238 *