currency area

An optimal currency area is often larger than a country.

In theory, an optimal currency area could also be smaller than a country.

He also found that the Plains would not fit into an optimal currency area.

Every currency area must decide what type of exchange rate arrangement to maintain.

What a currency area needs to do is concentrate on its domestic economy and stop worrying about the rest of the world.

We know we are not yet an optimal currency area.

The check valve in the Canadian currency area is capital and labor mobility.

They will have to determine Europe's external relations with other currency areas, in particular the dollar zone.

We all knew that the eurozone was not an optimum currency area.

For a single currency area to work, for example the United States.

However, the report does contain some rather optimistic calculations with regard to growth in tourism thanks to a common currency area.

We have always been quick to recognize the financial and economic advantages of being part of a large European single currency area.

This prosperity could well be jeopardized through the creation of a common currency area in a region which is not optimal.

Harmonisation is necessary in view of the single market and the fact that, to a large extent, we live in a common currency area.

There have been debates as to whether the Eurozone countries constitute an optimum currency area.

The Deutsche Bundesbank shall be the central bank in this currency area.

Needless to say, reflation alone will not make Euroland a workable currency area.

Is the eurozone an optimal currency area?

The single currency, the euro, is likely to create problems in Europe as the countries involved do not constitute an optimum currency area.

To isolate Taiwan from it, the Nationalist government created a new currency area for the island, and started a price stabilization program.

The theory of the optimal currency area was pioneered by economist Robert Mundell.

Within a single currency area?

For those quoting "Brown's tests", they are simple and sound and based on a section of economics dedicated to so-called "optimal currency areas".

The Canadian's work on "optimal currency areas" explains quite clearly how countries that share a currency must have similar and convergent economies.

But he kept a cautionary tone as the ECB left interest rates for the single currency area at 1%.