MENA countries as optimal currency areas: Reality or dream

Sahin H.

JOURNAL OF POLICY MODELING, cilt.28, sa.5, ss.511-521, 2006 (SSCI, Scopus) identifier identifier

  • Yayın Türü: Makale / Tam Makale
  • Cilt numarası: 28 Sayı: 5
  • Basım Tarihi: 2006
  • Doi Numarası: 10.1016/j.jpolmod.2006.01.002
  • Dergi Adı: JOURNAL OF POLICY MODELING
  • Derginin Tarandığı İndeksler: Social Sciences Citation Index (SSCI), Scopus
  • Sayfa Sayıları: ss.511-521
  • Anahtar Kelimeler: optimum currency areas, integration, genetic optimization
  • Ankara Üniversitesi Adresli: Hayır

Özet

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.