Comment on H. Robert Heller’s “Exchange Rate Flexibility and Currency Areas”

Frenkel, Jacob A.

doi:10.3790/schm.99.1-2.136

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Frenkel, J. Comment on H. Robert Heller’s “Exchange Rate Flexibility and Currency Areas”. Journal of Contextual Economics – Schmollers Jahrbuch, 99(1–2), 136-146. https://doi.org/10.3790/schm.99.1-2.136

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Comment on H. Robert Heller’s “Exchange Rate Flexibility and Currency Areas”

Frenkel, Jacob A.

Journal of Contextual Economics – Schmollers Jahrbuch, Vol. 99(1979), Iss. 1–2 : pp. 136–146 | First published online: February 24, 2023

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Publisher Name: Duncker & Humblot GmbH
DOI: https://doi.org/10.3790/schm.99.1-2.136
Language: German
Pages: 11
License: open-access https://creativecommons.org/licenses/by/4.0

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Frenkel, Jacob A.

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Section Title	Page	Action	Price
Jacob A. Frenkel: Comment on H. Robert Heller's\r\"Exchange Rate Flexibility and Currency Areas	136
I. Optimal Currency Areas: Theoretical Considerations	136
1. The Degree of Openness	137
2. The Size of the Economy	137
3. The Degree of Commodity Diversification	138
4. The Degree of Capital Mobility	138
5. The Degree of Similarity of Inflation Rates	139
6. The Degree of Other Forms of Integration	140
II. The Empirical Framework	140
III. A Sketch of an Alternative Approach	141
References	145

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Comment on H. Robert Heller’s “Exchange Rate Flexibility and Currency Areas”

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