Is Brexit Really Supported? A View of Optimal Currency Area
Year: 2025
Type: article
Abstract: The Optimal Currency Area (OCA) theory is utilized to evaluate if Brexit is supported in the context of economic integration. In brief, the greater the conformity to the criteria motivated by the OCA model, the greater the feasibility of a monetary integration between the UK and the EU. Logically, if conditions are conducive for a monetary integration, Brexit – which is a disintegration – is thus unsupported. On the other hand, if circumstances are unfavourable for monetary integration, further economic integration with the current customs union of the EU is not indicated, hence Brexit is not contradicted.
Source: European Review
Authors: Chee-Heong Quah, Yew Joe Ho
Institutions: University of Malaya, Sanya University
Language: English
Subfield: Finance
Domain: Social Sciences
Open Access status: hybrid
Estimated APC paid: $3,550
OpenAlex ID: W4408534695