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Keywords: Decentralization
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Journal Articles
Journal of Economic Studies (2016) 43 (4): 535–548.
Published: 12 September 2016
...Benjamin Andrew Chupp Purpose When sectoral shocks hit a large, regionally heterogeneous economy, it is likely that regions with sectoral specialization will be affected in different ways. In these cases, it might be optimal for the country to decentralize the currency into a number of regional...

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