krugmancrev.pptVIP

Chapter 20 Optimum Currency Areasand the European Experience Preview The European Union The European Monetary System Policies of the EU and the EMS Theory of optimal currency areas Is the EU an optimal currency area? Other considerations of a economic and monetary union What Is the EU? The European Union is a system of international institutions, the first of which originated in 1957, which now represents 25 European countries through the: European Parliament: elected by citizens of member countries Council of the European Union: appointed by governments of the member countries European Comm