Andersen, Torben M. (contributor); … - 2008
countries ful�lled the conditions
for an optimal currency area. According to the traditional theory on optimal
currency areas …, participation in a currency union and the implied loss of auton-
omy in monetary policy require that labour markets are �exible in … labour mobility. In a second wave of the
literature, it was stressed that the conditions for an optimal currency area are …