- Figures
- Abbreviations
- I. The Theory of Optimum Currency Areas: A Model
- I.1 The BB Schedule
- I.2 The CC Schedule
- I.3 The BB-CC Model
- II. The EMU as an Optimum Currency Area: Empirical Considerations
- II.1 Asymmetric Shocks: European Union and the United States
- II.2 Economic Integration: Intra-EU-Trade and the Factormarkets
- III. Conclusions
- References
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