Iša, Jan; Okáli, Ivan - In: Politická ekonomie 2008 (2008) 3, pp. 318-344
euro area. In this paper we try to answer two questions. Section 1 examines the features and risks of the EMU. Is EMU an … optimum currency area and what is the OCA scorecard of euro area? We conclude that euro area - in spite of its indisputable … benefits - is rather a premature monetary union with asymmetric monetary policy effects and other policy asymmetries. Section 2 …