Optimum Currency Area Theory and Monetary Integration as a Gradual Process

De Lombaerde, Philippe (2002). Optimum Currency Area Theory and Monetary Integration as a Gradual Process. UNU Institute on Comparative Regional Integration Studies.

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  • Sub-type Working paper
    Author De Lombaerde, Philippe
    Title Optimum Currency Area Theory and Monetary Integration as a Gradual Process
    Volume/Issue No. 3
    Publication Date 2002
    Place of Publication Bruges
    Publisher UNU Institute on Comparative Regional Integration Studies
    Language eng
    Abstract

    The concept of (regional) economic integration refers both to a state of affairs and a process(Balassa, 1961).1 In this contribution we will refer to integration seen as a gradual process.Both in terms of the agenda of the negotiations, as in terms of the number of countries takingpart in the integration treaties, post-war regional integration can indeed be perceived andobserved as a cumulative and partly irreversible (or, at least, costly-to-reverse) process.Integration in the European Union context and in other geographical areas can easily bemodelled as a process of both ‘deepening’ and geographical expansion...

    Copyright Holder UNU Institute on Comparative Regional Integration Studies
    Copyright Year 2002
    Copyright type All rights reserved
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    Created: Fri, 15 Feb 2019, 14:22:40 JST