May 20, 2010 at 09:01 AM EDT
Greek Crisis Poses Challenges to Monetary/Political Unions
The crisis in Greece has uncovered weaknesses in the grandest currency union of modern history, the EU Economic and Monetary Union (EMU), writes Oxford Analytica in this guest post. OCA theory. The fundamental connections between Greece’s crisis and membership in a currency union are contained in the optimum currency area (OCA) theory put forward by Robert [...]
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