Barrell, Ray (contributor); Choy, Amanda (contributor) - 2003 - [Elektronische Ressource]
growth.
5
removing barriers in Europe, and its transformation into full monetary union is
potentially important.
Real … flexible exchange rates has led to renewed discussion of currency pegs in East
Asia. A monetary union reduces the barriers to … level of
output that can be produced with a given level of inputs. In addition, a monetary union
may increase output …