• George C. Bitros


Suppose that there are two completely independent countries that are similar in most respects but have different currencies and different economic structures. Suppose also that these countries wish to move from their present regime of bilateral trading to complete unification. The fundamental question that arises is: under what conditions would unification be economically beneficial for both countries?


Member State Monetary Policy Economic Integration Bilateral Trading Adjustment Cost 
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© George C. Bitros 2002

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  • George C. Bitros

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