Talk:Optimal currency area

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[edit] merger

I think that the proposed merger with optimum currency area is a good idea. However I am not an expert in this field and I also created this page and therefore cannot be considered to be neutral. As far as I can see there is no appreciable difference between the two pages and there would be no loss to clarity if they were merged.Witty lama 02:15, 28 December 2005 (UTC)

[edit] ==

Yes, I definitely suggest you to merge the two pages. I'd also add that Mundell's belief about EU area are based on the assumption that the Euro-area behaves just as a fixed-exhchange-rates area, while it is not! It is a single currency area (As a matter of fact, central banks & national governments are not concerned with the Current Account deficit issue as they were in past years, where the Exchange Rate Mechanism was in force. Nowadays, central banks do not have to protect the exchange-rate against speculation, so they do not consider capital movements across countries as a threat to the exchange rate.

Giovanni

I just performed the merger. The following an unsigned comment was on Talk:Optimum currency area:

For more info: http://www.nber.org/~wbuiter/scotland.pdf

--Bkwillwm 19:53, 22 January 2006 (UTC)