抄録
This article examines an endogeneity issue within the Optimum Currency Area (OCA) theory. According to the cost-benefit analysis, we found that there are the upper and the lower bounds in the degree of monetary integration for a monetary union to be created. We also found that a country may secede from the monetary union, depending on its degree of integration. A country may also secede when production specialization is facilitated with monetary integration within a framework of the "OCA line". We also consider the endogeneity of the "OCA Index", and applied our analysis to the optimum number of world currencies.
| 元の言語 | English |
|---|---|
| ページ（範囲） | 101-116 |
| ページ数 | 16 |
| ジャーナル | Global Economic Review |
| 巻 | 38 |
| 発行部数 | 1 |
| DOI | |
| 出版物ステータス | Published - 2009 |
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ASJC Scopus subject areas
- Economics, Econometrics and Finance(all)
- Business and International Management
- Political Science and International Relations
これを引用
Monetary unions and endogeneity of the OCA criteria. / Akiba, Hiroya; Iida, Yukihiro.
：: Global Economic Review, 巻 38, 番号 1, 2009, p. 101-116.研究成果: Article
}
TY - JOUR
T1 - Monetary unions and endogeneity of the OCA criteria
AU - Akiba, Hiroya
AU - Iida, Yukihiro
PY - 2009
Y1 - 2009
N2 - This article examines an endogeneity issue within the Optimum Currency Area (OCA) theory. According to the cost-benefit analysis, we found that there are the upper and the lower bounds in the degree of monetary integration for a monetary union to be created. We also found that a country may secede from the monetary union, depending on its degree of integration. A country may also secede when production specialization is facilitated with monetary integration within a framework of the "OCA line". We also consider the endogeneity of the "OCA Index", and applied our analysis to the optimum number of world currencies.
AB - This article examines an endogeneity issue within the Optimum Currency Area (OCA) theory. According to the cost-benefit analysis, we found that there are the upper and the lower bounds in the degree of monetary integration for a monetary union to be created. We also found that a country may secede from the monetary union, depending on its degree of integration. A country may also secede when production specialization is facilitated with monetary integration within a framework of the "OCA line". We also consider the endogeneity of the "OCA Index", and applied our analysis to the optimum number of world currencies.
KW - Endogeneity
KW - Monetary Union
KW - OCA
UR - http://www.scopus.com/inward/record.url?scp=77950731872&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=77950731872&partnerID=8YFLogxK
U2 - 10.1080/12265080802692795
DO - 10.1080/12265080802692795
M3 - Article
AN - SCOPUS:77950731872
VL - 38
SP - 101
EP - 116
JO - Global Economic Review
JF - Global Economic Review
SN - 1226-508X
IS - 1
ER -