Oca theory - PowerPoint PPT Presentation

2011 Annual Conference, Bretton Woods NH, April 10

Optimal Currency Areas &amp; Governance: The Challenge of Europe Jeffrey Frankel Harpel Professor, Harvard University. 2011 Annual Conference, Bretton Woods NH, April 10. The framework of Niels Thygesen’s paper. 1970 – The issues according to the original Optimum Currency Area theory

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Today’s Agenda

Today’s Agenda. Critique of the traditional OCA theory New OCA theories Endogeneity vs. specialization Putting it all together…. Critique of the Traditional OCA Theory. OCA theory lists several criteria for an OCA

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265 views • 13 slides

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