The objective of the paper is to look at the major claims for and against participation in a monetary union in the light of the optimum currency areas theory. Th e supranationalisation of the decision making in the monetary policy brings about serious economic and political consequences — which are evaluated in an extremely different manner by various actors. Taking into account these ambiguities, the above mentioned dilemma needs to be addressed by scholarly reflection.
JavaScript is turned off in your web browser. Turn it on to take full advantage of this site, then refresh the page.