Product Description
This book deals with the economic consequences of monetary integration, which has long been dominated by the Optimal Currency Area (OCA) paradigm. In this model, money is perceived as having developed from a private sector cost minimization process to facilitate transactions. Not surprisingly, the book argues, the main advantage of monetary integration in the OCA context is the reduction of transaction costs, yet the validity of OCA to analyze processes of monetary … More >>

Read the rest of this entry »

Related posts

• Brooks’ Foreign Exchange Text Book, An Elementary Treatise on Foreign Exchange and the Monetary Systems of the World, for the Instruction and Use of the Banker, Exporter, Importer, Tourist and Particularly for the Scholar and Student
• European Monetary Union and Exchange Rate Dynamics: New Approaches and Application to the Euro
• Brooks’ foreign exchange text book;: An elementary treatise on foreign exchange and the monetary systems of the world, for the instruction and use of the … and particlarly for the scholar and student
• Strengthening the International Monetary System: Exchange Rates, Surveillance, and Objective Indicators
• An Economic Analysis of Monetary Union