Optimum Currency Areas: Benefits and Limitations | Economics
In this article we will discuss about:- 1. Introduction to Optimum Currency Areas 2. Benefits of Optimum Currency Areas 3. Disadvantages. Introduction to Optimum Currency Areas: The optimum currency area theory is a relatively recent area of study. The pioneering work in this field was done by J.E. Meade and T. Scitovsky in 1957-58. The main credit for developing this [...]