Talk:Optimum currency area

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

This needs a lot of work. There needs be a mention of shocks as well. Also, I would characterize capital and labor mobility together. Price and wage flexibility are separate issues. There is actually a fairly long list of criteria which I'll dig out. Also needs to mentioned is why this is important. Namely, exchange rates are an adjustment mechanism and your taking that away. Bobarne 07:09, 5 December 2006 (UTC)