Bogdan Glăvan

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

Articles

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.