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Currency unions

Santos Silva, J. M. C. and Tenreyro, S. (2013) Currency unions. In: Caprio, Gerard, (ed.) The Evidence and Impact of Financial Globalization. Elsevier, London, pp. 451-461. ISBN 9780123978745

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Identification Number: 10.1016/B978-0-12-397874-5.00033-6


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: Book Section
Official URL:
Additional Information: © 2013 Elsevier Inc.
Divisions: Centre for Economic Performance
Subjects: H Social Sciences > HB Economic Theory
H Social Sciences > HG Finance
JEL classification: F - International Economics > F0 - General > F02 - International Economic Order
F - International Economics > F1 - Trade > F15 - Economic Integration
F - International Economics > F3 - International Finance > F31 - Foreign Exchange
F - International Economics > F4 - Macroeconomic Aspects of International Trade and Finance > F42 - International Policy Coordination and Transmission
Date Deposited: 27 Sep 2013 10:24
Last Modified: 20 Feb 2021 01:10

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