Maza, Adolfo; Sanchez-Robles, Blanca - European Regional Science Association - 2002
adjustment mechanisms may not be very onerous. The common monetary policy implemented by the ECB will probably have similar …According to the Theory of Optimal Currency Areas, one of the main costs that EMU may entail for countries and regions … is large, then a common policy designed by the ECB will have beneficial effects on the whole eurozone. Instead, if …