De Grauwe, Paul (contributor); … - 2005
present diverse arguments and, where possible, explore the incipient empirical literature focussing on the euro area. Our ….e., whether sharing a single currency may set in motion forces bringing countries closer together. The start of EMU has spurred a … Monetary Union (EMU) is that the euro area
may, over time, turn into an optimum currency area (OCA) even if it wasn’t an OCA …