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This book deals with the economic consequences of monetary integration, which has long been dominated by the Optimal Currency Area (OCA) paradigm. In this model, money is perceived as having developed from a private sector cost minimization process to facilitate transactions. Not surprisingly,...
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This book is an up-to-date, authoritative and comprehensive analysis of the key issues and challenges facing regional currency area projects in the context of financial globalization. The authors focus on several central issues that emerged during the experiences of the 1990s and 2000s: exchange...
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the gold standard. China, however, remained the most populous country still using silver, although the country had no … journalists in China and around the world answered a simple question: how should China change its monetary system? As different … governments in China attempted to create a unified monetary standard in the late 19th and early 20th century, imperial powers …
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