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The Concept of an Optimal Currency Area, and why the EU has failed to create it. — Carlos García Hernández

Summary:
In his book “Eurozone Dystopia”, Bill Mitchell quotes the three conditions that Mundell believed were necessary to achieve an OCA...From the outset, and today more than ever, it was clear that none of these three conditions is even remotely fulfilled in Europe....The Gower Initiative for Modern Money StudiesThe Concept of an Optimal Currency Area, and why the EU has failed to create it.Carlos García Hernández

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 In his book “Eurozone Dystopia”, Bill Mitchell quotes the three conditions that Mundell believed were necessary to achieve an OCA...

From the outset, and today more than ever, it was clear that none of these three conditions is even remotely fulfilled in Europe....

The Gower Initiative for Modern Money Studies
The Concept of an Optimal Currency Area, and why the EU has failed to create it.
Carlos García Hernández

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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