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Bogdan Glăvan

Works Published inQuarterly Journal of Austrian Economics

Bogdan Glăvan is a teaching assistant in economics at the Romanian-American University in Bucharest. 

All Works

The Insulation Argument in Neoclassical International Economics: A Critique

Monetary Theory

07/30/2014Quarterly Journal of Austrian Economics
The aim of this paper is to criticize the foundation and the relevance of the insulation argument. In what follows, I will attempt to show that: (1) The favor flexible exchange rates enjoy


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The Failure of OCA Analysis

Money and BanksMoney and Banking

07/30/2014Quarterly Journal of Austrian Economics
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...


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Coordination Failures, Cluster Theory, and Entrepreneurship: A Critical View

The EntrepreneurEntrepreneurship

07/30/2014Quarterly Journal of Austrian Economics
In the last decades, more and more economists have advanced the idea that significant obstacles impeding economic growth (especially in less developed regions) consist in different market failures,


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