MENA countries as optimal currency areas: Reality or dream

Sahin H.

JOURNAL OF POLICY MODELING, vol.28, no.5, pp.511-521, 2006 (SSCI) identifier identifier

  • Publication Type: Article / Article
  • Volume: 28 Issue: 5
  • Publication Date: 2006
  • Doi Number: 10.1016/j.jpolmod.2006.01.002
  • Journal Name: JOURNAL OF POLICY MODELING
  • Journal Indexes: Social Sciences Citation Index (SSCI), Scopus
  • Page Numbers: pp.511-521
  • Keywords: optimum currency areas, integration, genetic optimization
  • Ankara University Affiliated: No

Abstract

This paper evaluates the possibility and the likelihood of forming a currency area for MENA countries conceptually and empirically. Two main approaches determining the domain of optimum currency areas exist: the traditional approach, which tries to single out crucial criteria to delineate the appropriate domain, and cost-benefit approach, which believes that the participation in a currency area has both benefits and costs.