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Paul Krugman’s argument that the eurozone is not an optimum currency area could be just as easily applied to the US

Schelkle, Waltraud (2016) Paul Krugman’s argument that the eurozone is not an optimum currency area could be just as easily applied to the US. USApp – American Politics and Policy Blog (28 Apr 2016). Website.

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Abstract

In a recent conference, the distinguished economist Paul Krugman repeated the oft-heard critique that the eurozone is not an optimal currency area. Waltraud Schelkle disagrees with this characterisation, and argues that no country or group of countries represents an optimal currency area – one region or country always loses out from a single monetary policy. But countries can use fiscal, social and regulatory policies to overcome these difficulties. When Americans criticise the eurozone’s currency policies, she writes, they are forgetting the US dollar’s shaky start and the adjustments which had to be made to the financial system in the 19th century.

Item Type: Online resource (Website)
Official URL: http://blogs.lse.ac.uk/usappblog/
Additional Information: © 2016 The Authors, USApp – American Politics and Policy Blog, The London School of Economics and Political Science © CC BY-NC 3.0; Online
Divisions: LSE
Subjects: E History America > E151 United States (General)
H Social Sciences > HC Economic History and Conditions
J Political Science > JK Political institutions (United States)
Sets: Collections > LSE American Politics and Policy (USAPP) Blog
Date Deposited: 04 May 2016 11:40
Last Modified: 26 Jul 2020 23:31
URI: http://eprints.lse.ac.uk/id/eprint/66345

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