Afonso, António (contributor); Furceri, Davide (contributor) - 2007
enough insurance against shocks.
JEL: E32; E42; F41; F42
Keywords: EU, Optimum Currency Areas, Business Cycle … Macedonia.
The theory of Optimum Currency Areas (OCA) has long stressed the importance of
the synchronization in cyclical … (the 12 EMU countries up to the end of 2006,
one country that adopted the euro in the beginning of 2007, the 3 existing EU …