Optimum Currency Areas
New Analytical and Policy Developments: New Analytical and Policy Developments

Abstract

Robert Mundell's pioneering theory of optimum currency areas is revisited, with experts from the IMF, the BIS, the European Investment Bank, academia, European think tanks, and the Bank of Israel looking at its current practical applications, especially in the context of the forthcoming European Economic and Monetary Union (EMU). Robert Mundell himself offers an update to help in assessing the implications and consequences of EMU.

Author:
Mr. Leonardo Leiderman https://isni.org/isni/0000000404811396 International Monetary Fund

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