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Ever closer to heaven? : An optimum-currency-area index for European countries

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[Rezension von: Prospects for monetary unions after the euro, ed. by Paul De Grauwe and Jacques Mélitz]

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Is Europe an Optimum Currency Area?

Eichengreen, Barry - 1991

An optimum currency area is an economic unit composed of regions affected symmetrically by disturbances and between which labor and other factors of production flow freely. The symmetrical nature of disturbances and the high degree of factor mobility make it optimal to forsake nominal exchange...

Persistent link: https://www.econbiz.de/10012475441