The Single Monetary Policy and the Analytics of OCAs: what has the Euro area experience taught us?
Contributor(s): Nicholas C Garganas | The introduction of the euro posed unique challenges for monetary policy. Some observers took the view that a single monetary policy for all euro-area countries would not succeed because the euro area did not fulfil the pre-requisites of on Optimum Currency Area (OCA). In his lecture Mr Garganas will argue that the traditional way of thinking about OCAs overlooks the fact that the criteria used to judge optimality are, to some extent, endogenous. He will als...
