What is an optimum currency area

Reference no: EM13752293

Question 1: What is an optimum currency area? Is the European Union (EU) an optimum currency area? Explain your answer based on the criteria of an optimum currency area.

Question 2: Why would the failure to create a unified EU labor market be particularly harmful to the prospects for a smoothly functioning European economic and monetary union (EMU)?

Reference no: EM13752293

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