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)

[edit] "By these criteria the European Union does not constitute an Optimal Currency Area"

Why not? It satisfies all the criteria except different languages, but by that criteria neither Belgium, Switzerland, India nor Canada would be Optimal Currency Areas. TiffaF 08:19, 22 December 2006 (UTC)

"However it is hoped that the creation of the Euro will in itself help encourage the conditions enumerated by Mundell." This line is bullshit. THe euro has been created. - Mubli