Optimal Currency Area: A 20th Century Idea For the 21st Century?
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We take stock of the history of the European Monetary Union and pegged exchange-rate regimes in recent decades. The post-Bretton Woods greater financial integration and under-regulated financial intermediation have increased the cost of sustaining a currency area and other forms of fixed exchange
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美国国家经济研究局创建时间：
2016-03-01
