Olejar Books

This book provides the foundations for an additional perspective on optimal currency area theory (OCA). The links between financial and monetary integration (via financial intermediation and banking) offer another path towards understanding monetary transmission and, therefore, OCA theory. This study promotes the idea that banking and market imperfections are effectively two sides of the same coin. Financial intermediation, and the economics of banking, merit special consideration - especially in discovering the impact and effectiveness of financial integration and EMU.