Currency Unions

Research output: Working paper

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.

Details

Authors
Organisations
Research areas and keywords

Subject classification (UKÄ) – MANDATORY

  • Economic History

Keywords

  • Central banks, Fiscal systems, Monetary theory, Monetary policy, Optimum Currency Areas, B27, E42, F33, N11, N13
Original languageEnglish
Number of pages36
Publication statusPublished - 2019
Publication categoryResearch

Publication series

NameLund Papers in Economic History. General Issues
PublisherDepartment of Economic History, Lund University
No.2019:204

Total downloads

No data available