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Practical Insights From Oca Variable Combinations

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  • Itir Ozer
  • Ibrahim Ozkan

Abstract

This study aims to identify optimum currency areas (OCA) variables that distinguish certain Economic and Monetary Union (EMU) member countries from the other EMU members. In the previous studies, EMU members were identified in the light of criteria suggested by the OCA theory. In this study, in order to obtain additional insights, we analysed OCA variables and the performance of European countries with respect to these variables. Our analysis shows that some of the EMU member countries are dissimilar to the rest of the EMU members with respect to certain OCA criteria.

Suggested Citation

  • Itir Ozer & Ibrahim Ozkan, 2008. "Practical Insights From Oca Variable Combinations," Economic Annals, Faculty of Economics and Business, University of Belgrade, vol. 53(176), pages 38-60, January -.
    • Handle: RePEc:beo:journl:v:53:y:2008:i:176:p:38-60
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    References listed on IDEAS

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    More about this item

    Keywords

    optimum currency areas; fuzzy C-means clustering; EMU; HodrickPrescott filtering technique;
    All these keywords.

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration
    • C82 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Macroeconomic Data; Data Access

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