Download This PaperCurrency Unions
Lund Papers in Economic History No. 204, 2019
36 Pages Posted: 19 Jun 2019
Date Written: June 11, 2019
Abstract
A currency union is when several independent sovereign nations share a common currency. This has been a recurring phenomenon in monetary history. In this article I study the theoretical foundations of such unions, and discuss some important currency unions in history, most notably the case of the US. Finally I contrast the design of the EMU with economic theories and historical experiences of currency unions.
Keywords: Central banks, Fiscal systems, Monetary theory, Monetary policy, Optimum Currency Areas
JEL Classification: B27, E42, F33, N11, N13
Suggested Citation: Suggested Citation
Ögren, Anders, Currency Unions (June 11, 2019). Lund Papers in Economic History No. 204, 2019, Available at SSRN: https://ssrn.com/abstract=3402387 or http://dx.doi.org/10.2139/ssrn.3402387
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