Abstract
The recent turmoil in the eurozone seems to confirm the view that the heterogeneous group of EMU countries is anything but an optimum currency area . Some have found that most other arbitrary country groupings would have made a better currency union than the eurozone—e.g. a reconstruction of the Ottoman empire around 1800 or alternatively all countries that begin with the letter M (Cembalest 2012).
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Heise, M. (2013). Re-assessing the Criteria for an Optimum Currency Area in Europe. In: Emerging from the Euro Debt Crisis. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-37527-9_5
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DOI: https://doi.org/10.1007/978-3-642-37527-9_5
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