Saturday, May 8, 2021

The Concept of an Optimal Currency Area, and why the EU has failed to create it. — Carlos García Hernández

 In his book “Eurozone Dystopia”, Bill Mitchell quotes the three conditions that Mundell believed were necessary to achieve an OCA...

From the outset, and today more than ever, it was clear that none of these three conditions is even remotely fulfilled in Europe....

The Gower Initiative for Modern Money Studies
The Concept of an Optimal Currency Area, and why the EU has failed to create it.
Carlos García Hernández

5 comments:

Peter Pan said...

I'm guessing that sectarianism is not an optimal condition.

S400 said...

It’s an OSC (optimal sectarian condition) in place. Works great!

S400 said...

It’s an OSC (optimal sectarian condition) in place. Works great!

Peter Pan said...

Managed by the Office of Sectarian Conditioning

Matt Franko said...

“10 A sectarian man, after one and a second admonition, refuse” Titus 3:10

Two strikes and you’re out...