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"The thesis of this paper is that there is no historical precedent for Europe's monetary union (EMU). While it is possible to point to similar historical experiences, the most obvious of which were in the 19th century, occurred in Europe, and had "union" as part of their names, EMU differs from...
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cooperation and of monetary unions, above all in the U.S., Germany and Italy. The purpose of national monetary unions was to …
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