Titlebook: Ideas for the Future of the International Monetary System; Michele Fratianni,Dominick Salvatore,Paolo Savona Book 1999 Springer Science+Bu

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Trade and the Number of OCAs in the Worldde and the symmetry of shocks to output. Based on the first criterion, trade, some large continental OCAs emerge. Adding the second, symmetry, whittles down the size of these OCAs considerably. Nevertheless, some significant examples remain in the Americas, Europe and Asia, of which the European and the Asiatic are the most noteworthy.