Currency Unions

Research output: Working paper


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.


Research areas and keywords

Subject classification (UKÄ) – MANDATORY

  • Economic History


  • 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

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