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Author Question: Is the EU an optimum currency area? Why or why not? What will be an ideal ... (Read 58 times)

Engineer

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on: Jun 30, 2018
Is the EU an optimum currency area? Why or why not?
 
  What will be an ideal response?

Question 2

Describe the policy of outright monetary transactions or 0MT presented by the president of the European Central Bank in 2012.
 
  What will be an ideal response?


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snackralk

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Reply #1 on: Jun 30, 2018
Answer to Question 1

Europe is not an optimum currency area. Labor mobility is highly limited. Economic and political conflicts within the euro zone have been persistent and they continue to result in questions regarding the ability of the euro zone to survive going forward.

Answer to Question 2

The ECB is now committed to purchase sovereign bonds of euro zone countries, potentially without limit, in order to control interest rates in the euro zone.


Engineer

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

Dominic

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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