Quarterly Journal of Austrian Economics

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The Failure of OCA Analysis

  • The Quarterly Journal of Austrian Economics
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Tags Money and BanksMoney and Banking

07/30/2014Bogdan Glăvan

 

Volume 7, No. 2 (Summer 2004)

 

In this paper the theory of optimum currency areas (OCA) is presented, and then I will attempt to prove:

1. The OCA theory is nonoperational and irrelevant in dealing with the present international monetary situation.
2. The basic postulates of OCA theory are internally inconsistent and incompatible with economic theory.

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Cite This Article

Glăvan, Bogdan. "The Failure of OCA Analysis." The Quarterly Journal of Austrian Economics 7, No. 2 (Summer 2004): 29–46.

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