Capital Market Imperfections and the Theory of Optimum Currency Areas
NBER Working Paper No. 14088
---- Acknowledgments ----
We are grateful to Martin Bohl, Pierre Siklos, and other participants at the conference on The First Decade of European Monetary Union, held in Munster, Germany, May 28-29, 2008, for their useful comments. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.