External authors

Nancy van Beers

Researcher

Researcher at Netherlands Bureau for Economic Policy Analysis.

Contact information

n.j.c.van.beers@cpb.nl

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Working Paper

Cross-country insurance mechanisms in currency unions

Cross-country insurance mechanisms in currency unions

Countries in a monetary union can adjust to shocks either through internal or external mechanisms. We quantitatively assess for the European Union a number of relevant mechanisms suggested by Mundell’s optimal currency area theory, and compare them to the United States.

By: Nancy van Beers, Michiel Bijlsma and Gijsbert T. J. Zwart Topic: Finance & Financial Regulation, Global Economics & Governance Date: March 27, 2014