It is appropriate to conlude on a modest note. Economists really know little about the costs and benefits of monetary unification. We have trouble modelling the increase in economic efficiency associated with a single currency, and we disagree about value of an independent monetary policy.
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Paper provided by College Dublin, Department of Political Economy- in its series Papers with number
96/26.
Length: 30 pages Date of creation: 1996 Date of revision: Handle: RePEc:fth:dublec:96/26
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Find related papers by JEL classification: E40 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - General E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
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