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Currency Unions

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NBER2000-09-01 更新2025-01-04 收录
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https://www.nber.org/papers/w7927
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What is the optimal number of currencies in the world? Common currencies affect trading costs and, thereby, the amounts of trade, output, and consumption. From the perspective of monetary policy, the adoption of another country's currency trades off the benefits of commitment to price stability
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2000-09-01
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