What is the european monetary union

Reference no: EM131303841

1. How do fixed exchange rates constrain inflationary monetary policy?

2. What is the European Monetary Union (EMU)? How do the countries of the EMU benefit from using a single currency? In what ways can using a single currency be a problem?

3. What is pegging? What advantages does pegging offer, and what problems can it run into? What is the controversy over China's pegging the value of the yuan?

Reference no: EM131303841

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