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- Ögren, Anders, et al.
(author)
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Currency Unions
- 2019
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In: Handbook of the History of Money and Currency. - Singapore : Springer. - 9789811006227
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Book chapter (peer-reviewed)abstract
- A currency union is when several independent sovereign nations share a common currency. This has been a recurring phenomenon in monetary history. In this article I study the theoretical foundations of such unions, and discuss some important currency unions in history, most notably the case of the US. Finally I contrast the design of the EMU with economic theories and historical experiences of currency unions
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