Currency unions

Santos Silva, J. M. C.; and Tenreyro, S.ORCID logo (2013) Currency unions. In: The Evidence and Impact of Financial Globalization. Elsevier (Firm), London, pp. 451-461. ISBN 9780123978745
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This chapter critically reviews the recent literature on currency unions and discusses the methodological challenges posed by the empirical assessment of their costs and benefits. Some open questions on normative and positive aspects of the theory of currency unions are emphasized, namely the need for a unified welfare-based framework to weigh their costs and gains.
Item Type Chapter
Departments Centre for Economic Performance
DOI 10.1016/B978-0-12-397874-5.00033-6
Date Deposited 27 Sep 2013 10:24
URI https://researchonline.lse.ac.uk/id/eprint/53163

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