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Optimum Para Alanları Teorisi

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  • Itır ÖZER

Abstract

This study aims to evaluate the optimum currency areas (OCA) theory which has provided an important theoretical framework for the European economic and monetary integration. OCA theory aims to define the optimal geographic domain of a single currency, and it can be examined in three phases. The pioneering phase in the 1960s and early 1970s, which has started by the seminal contribution of Mundell (1961), has been followed by reconciliation phase of the 1970s. In the third phase, OCA theory has been reassessed and the theory has been tested with empirical studies. In this study, the endogeneity of OCA has also been dealt with.

Suggested Citation

  • Itır ÖZER, 2007. "Optimum Para Alanları Teorisi," Sosyoekonomi Journal, Sosyoekonomi Society, issue 2007-1.
    • Handle: RePEc:sos:sosjrn:070104
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    More about this item

    Keywords

    Economic and Monetary Union; Optimum Currency Areas; Endogeneity.;
    All these keywords.

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration

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