Theory of Optimal Currency Zones: from Classics until Today
Journal Title: Бізнес Інформ - Year 2013, Vol 12, Issue 0
Abstract
The article analyses evolution of the theory of optimal currency zones (OCZ), starting from its classical provisions until moder developments. Based on the critical analysis of classical criteria of OCZ, the article develops a scheme of selection of the currency mode by the Robert Mundell theory. It considers achievements of the alternative OCZ theory, the main provisions of which are shown schematically in the form of illustrations of evolution of the theory of optimal currency zones. In the result of analysis of classical criteria of optimal currency zones and generalisation of developments of the new OCZ theory, the article develops a universal algorithm of identification of optimal conditions for an efficient currency zone. Using this algorithm allows identification of a system of quantitative indicators of expediency of regional joining the OCZ, on the basis of which one can build an economic model of an optimal currency zone, which reflects the degree of readiness of any country to join or develop the OCZ. Development of this model is necessary for many countries that face the need to select the currency integration. This model is of special importance for Ukraine, for which it is important to select the course of external integration, since various directions of foreign policy significantly influence efficiency of the domestic economic policy in the country.
Authors and Affiliations
Anastasiya Pinchuk
Keywords
Related Articles
- EP ID EP115594
- DOI -
- Views 90
- Downloads 0
A Morphological Analysis of a System for Control over the Socio-Economic Development of Enterprise
The article is aimed at establishing levels of functioning, implementation of morphological analysis, defining the properties of elements of the system for dynamic control over the socio-economic development of enterpris...
Higher Education as a Basis of Formation and Development of Intellectual Potential of the Society
The article studies the role of higher education as a basis of formation and development of intellectual potential of the society. It analyses methodological apparatus of scientific cognition of regularities of developme...
The Managing of the Region Automobile Roads Potential Development
The article analyzes the managing of automobile roads potential development on the regional level on the basis of functional approach. The main problems of Region Automobile Road Department on the example of Zaporizhzhya...
Methodical Approach to the Assessment of the Investment Potential of Inland Navigation Companies
This article focuses on the development of a methodological approach to assessing the investment potential of inland water transport enterprises of Ukraine, due to the need to improve their attractiveness. The analysis o...
Concept of Flexicurity and Non-standard Forms of Employment: Modern Challenges
The article is devoted to theoretical and practical issues of the use of the concept of flexicurity and non-standard forms of employment when developing the strategy of improvement of the structure of employment of the p...