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Home>Evaluating Optimum Currency Areas: The U.S. versus Europe

Evaluating Optimum Currency Areas: The U.S. versus Europe

Perspectives Content Submission

Tue, 6 Dec 2011

In 1961, economist Robert Mundell introduced a theory which stated that a common currency in certain monetary unions, or “Optimum Currency Areas” as he called them, could maximize economic efficiency. He developed several criteria that were required for a region to qualify as an optimum currency ar
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