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Keywords: Optimal currency areas
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Journal Articles
Monetary decentralization in the United States: is there a case for multiple currencies?
Available to Purchase
Journal:
Journal of Economic Studies
Journal of Economic Studies (2016) 43 (4): 535–548.
Published: 12 September 2016
... currencies. This paper uses a theoretical and empirical model to test if the USA contains regional optimal currency areas. The author tests five potential divisions of the states into monetary subunions. Findings One of these divisions is proven to result in higher welfare (a 2 percent increase) than...
