• 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