A single currency entails a fixed interest RATE, which means countries can't manage their own currency to suit their own NEEDS. You need a variety of institutions to help nations for which the POLICIES aren't well suited. Europe introduced the euro without PROVIDING those structures.

Author - Joseph Stiglitz


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Posted on 11 Nov 2024, this text provides information on Currency related to Joseph Stiglitz. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.

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