Region Focus

First Quarter 2012

The Dream Behind the Eurozone

How the region's political aims led to a complicated morning after

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Related Links

Bonin, Holger, et al. “Geographic Mobility in the European Union: Optimising Its Economic and Social Benefits.” Institute for the Study of Labor Research Report No. 19, July 2008.

Eichengreen, Barry, and Tamim Bayoumi. “Shocking Aspects of European Monetary Unification.” In B. Eichengreen (ed.), European Monetary Unification: Theory, Practice and Analysis. Cambridge, Mass: MIT Press, 1997. (Working paper version available online with subscription.)

Frankel, Jeffrey A., and Andrew K. Rose. “The Endogeneity of the Optimum Currency Area Criteria.” The Economic Journal, July 1998, vol. 108, no. 449, pp. 1009-1025. (Working paper version available online.)

Mundell, Robert A. “A Theory of Optimum Currency Areas.” American Economic Review, September 1961, vol. 51, no. 4, pp. 657-665.

Sala-i-Martin, Xavier, and Jeffrey Sachs. “Federal Fiscal Policy and Optimum Areas: Evidence for Europe from the United States.” In Matthew B. Canzoneri, Vittorio Grilli, and Paul R. Masson (eds.) Establishing a Central Bank: Issues in Europe and Lessons from U.S. Cambridge: Cambridge University Press, 1992. (Working paper version available online with subscription.)

Sapir, André. “European Integration at the Crossroads: A Review Essay on the 50th Anniversary of Bela Balassa’s Theory of Economic Integration.” Journal of Economic Literature, December 2011, vol. 49, no. 4, pp. 1200-1229. (Paper available online by subscription.)

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