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 StudiesThe Concept of an Optimal Currency Area, and why the EU has failed to create it.Carlos García Hernández
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Mike Norman considers the following as important:
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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