Vieira, Carlos; Vieira, Isabel - Centro de Estudos e Formação Avançada em Gestão e … - 2011
The academic and political discussion about which countries met the conditions for joining EMU was decisively influenced by the Frankel and Rose (1997) hypothesis concerning endogenous OCA properties. The answer to their question "Is EMU more justifiable ex post than ex ante?" was a definite yes...
