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- W2486469819 abstract "A single currency is more suitable for some areas of the world than for others. While there are always economic benefits from having a single currency, through savings on the transactions costs of currency exchanges, hedging, and so on, there can be offsetting costs if a single currency stands in the way of economic adjustments that may be initiated or assisted by monetary policy. Monetary policy, if used actively, requires exchange-rate flexibility, as we have seen above.KeywordsExchange RateMonetary PolicyReal Exchange RateReal WageMonetary UnionThese keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves." @default.
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- W2486469819 date "1996-01-01" @default.
- W2486469819 modified "2023-09-25" @default.
- W2486469819 title "An Optimum Currency Area" @default.
- W2486469819 doi "https://doi.org/10.1007/978-1-349-25035-6_7" @default.
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