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The book explores the critical juncture of European monetary unification (EMU) as member states prepare to decide on the establishment of a single currency, the Euro. It examines seven key aspects, including the theory of optimum currency areas, comparisons with existing monetary unions, and the implications for fiscal policy and labor markets. The author presents EMU as an evolving process rather than a definitive outcome, emphasizing that its success will depend on governance and market adaptation over time.
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European Monetary Unification, Barry Eichengreen
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- 1997
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