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Chapter 3: The Benefits of a Common Currency

Chapter 3: The Benefits of a Common Currency. De Grauwe: Economics of Monetary Union. Introduction. The costs of EMU have mostly to do with macroeconomic management The benefits are mostly microeconomic in nature i.e. they arise from efficiency gains of a monetary union.

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The Benefits of a Common Currency

The Benefits of a Common Currency. Introduction. The costs of EMU have mostly to do with macroeconomic management The benefits are mostly microeconomic in nature, i.e. they arise from efficiency gains of a monetary union. Sources of benefits. Less transactions costs Price transparency

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Chapter 3: The Benefits of a Common Currency

The Benefits of a Common Currency